Japan Democratic Party Pledges to Lower Crypto Tax Rate to 20 and Promote Japan as a Web3 Powerhouse

Yumaki’s plan also includes an important change, where the exchange between different cryptocurrencies will no longer trigger taxation, significantly reducing the burden on cryptocurrency investors. Yumaki 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 intention to make Japan a powerhouse in the Web3 field, which aligns with his efforts to increase real income for the nation’s citizens and address the challenge of inflation.