Japan’s Crypto Tax Reform Is Coming! 🇯🇵

- Yuichiro Tamaki, leader of the Democratic People’s Party of Japan, plans to cut crypto taxes if he wins the election. 🎉

- He proposes to raise the tax rate for crypto gains to 20%, which would significantly reduce the current rate of 55%.

- There are also innovations such as tax exemptions when swapping between crypto assets and the ability to carry forward losses for three years.

- There are also plans to increase leverage limits from 2x to 10x and introduce crypto ETFs.

- The aim is to digitize the yen and create local digital currencies to boost local economies.

Share your thoughts in the comments! 💬