CandleFocus

Ishiba goes cold on crypto tax reform — opposition warns gap between US and Japan getting ‘wider and wider’

Japanese Prime Minister Shigeru Ishiba has expressed disinterest in lowering crypto taxes despite growing frustration and calls for tax reform. Opposition parties have criticized Ishiba's comments questioning whether people should invest in cryptocurrencies and crypto ETFs. The Democratic Party for the People, led by Yuichiro Tamaki, is pushing for a separate 20% taxation rate for cryptocurrencies due to the current maximum 55% tax being seen as a hindrance. Ishiba's remarks regarding the potential inclusion of crypto assets in ETFs were also dismissive. Tamaki expressed disappointment and emphasized the widening gap between Japan and countries like the US in terms of cryptocurrency adoption.

Related News