Japanese lawmaker proposes lowering taxes on crypto

posted 6 months ago
A Japanese lawmaker has proposed a number of changes to the current taxation regime in order to ease the burden for cryptocurrency users and encourage adoption of cryptocurrencies in the country.

Takeshi Fujimaki, a representative of political party Nippon Ishin, said that the country’s tax system should not “crush the future” of digital currencies and blockchain technology, and recommended four amendments “to promote the wider [spread] of virtual currency into society.”
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