According to a report by
PANews, Japanese Finance Minister Kato Katsunobu addressed the possibility of imposing a 110% tax rate on cryptocurrency assets during a recent House of Representatives Budget Committee meeting. This proposed rate, which combines inheritance tax, income tax, and resident tax, could be enforced under existing laws. Kato clarified that such a high tax rate is not unique to cryptocurrency assets and would only apply in scenarios involving exceptionally high profits. This discussion highlights the evolving regulatory landscape for digital assets in Japan and the potential financial implications for crypto investors.