Yuki’s plan also includes an important change: the exchange between different cryptocurrencies will no longer trigger taxation, greatly reducing the burden on cryptocurrency investors. Yuki emphasizes that this tax reform is not only aimed at attracting cryptocurrency investors, but also one of his strategies to promote Japan as a Web3 powerhouse. He states his goal of making Japan a leader in the Web3 field, which aligns with his efforts to increase the real income of the nation’s citizens and address the challenges of inflation.
Japans Democratic Party pledges to lower cryptocurrency tax rate to 20 driving Japan towards Web3 dominance