CandleFocus AI-focused Masaaki Taira appointed Japan’s digital minister, crypto holders cross fingers on tax issue
2024-10-02
Author: Content Editor
The appointment of Masaaki Taira as Japan's new digital minister has sparked discussions about potential tax cuts and increased optimism in the cryptocurrency industry. Taira, who is known for his support of AI and web3 development, is hoped to lower Japan's crypto tax rates. As a member of the Liberal Democratic Party, Taira is involved in various web3 and AI projects, as the government aims to regulate economic and online activities. While some crypto enthusiasts are hopeful for tax relief, concerns about illegitimate political donations and prioritizing web3 over other issues dampen the excitement. Taira will replace current minister Taro Kono, known for advocating reform by ending unsuccessful businesses.
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