The Liberal Democratic Party member Shigeru Ishiba has been elected as the next prime minister of Japan. However, his former role as defense minister and his stance on taxes and money printing could pose challenges for crypto enthusiasts in the country. Ishiba plans to increase taxes on investments and income, while also aiming to strengthen the military. Japan is a unique mix of forces when it comes to cryptocurrency, with a strong crypto community alongside government regulations and high taxes. With Ishiba as prime minister, there could potentially be higher taxes on income and crypto investments. However, some individuals hope for a crypto-friendly administration. Ishiba, who has a military and banking background, is focused on traditional economy and defense matters and has not shown explicit support for crypto. His militaristic policies and ties to conflicts in the Middle East could have significant impacts on the crypto market. Additionally, there may be a wider crackdown on crypto in Japan under Ishiba's leadership, leading to stricter KYC policies. Ishiba's fiscal policy is unclear, as he supports loose monetary policy but also aims to combat inflation. Overall, the future of crypto in Japan under Ishiba's administration remains uncertain.



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