CandleFocus Japan crypto-heads pin tax hopes on Trump, Tamaki, as P2P usage grows in Asia regardless
2024-11-01
Author: Content Editor
The Japanese crypto community is hoping for tax reform as they struggle with high taxes on cryptocurrency gains. The Japan Virtual Currency Exchange Association (JVCEA) has requested tax reform from Yuichiro Tamaki, leader of the Democratic Party for the People. Tamaki has previously pledged to reform crypto taxes in Japan. Meanwhile, in the US, Donald Trump is making promises about bitcoin's future, claiming that it will be "MADE IN THE USA!" However, the article argues that the true potential of crypto lies in peer-to-peer adoption and usage, rather than relying on politicians. Platforms like BCHBull and wallet creators like Paytaca are focusing on peer-to-peer transactions to drive crypto adoption in Asia. The article highlights the importance of uncensorable money and permissionless networks in allowing the free market to transact without relying on politicians.
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