PANews, December 4 - According to CoinPost, Japanese Prime Minister Shigeru Ishiba showed a cautious attitude towards the proposal to include crypto assets (virtual currencies) under a uniform 20% separate taxation during his response in the House of Representatives on December 2. Prime Minister Ishiba pointed out that a more careful discussion is currently needed to determine whether crypto assets can receive national policy support like stocks or funds, and whether this tax reform can gain public understanding.
In addition, regarding the concerns raised by National Democratic Party member Tetsu Asano about tax system optimization and Bitcoin ETFs, Prime Minister Ishiba stated that further assessment is needed to determine whether crypto assets are suitable as ordinary investment tools. Member Asano emphasized that Japan's current tax rate of up to 55% is driving Web3 companies and assets to move abroad, suggesting the introduction of mechanisms such as separate declaration taxation and loss carryforward to enhance the competitiveness of the domestic market, while also promoting the construction of a trading environment for Bitcoin ETFs.
