CoinWorld news, the Japan Blockchain Association (JBA) submitted a tax reform proposal to the government, requesting that cryptocurrency transactions be subject to a separate tax declaration rate of 20.315%, replacing the current comprehensive tax rate of up to 55%. Representative Yutaka Ghana pointed out that Japan already has over 12 million cryptocurrency accounts and warned about the risks of a "110% inheritance tax" and capital outflow, calling for a revision based on the stock system. At the same time, there are concerns that if a 20% tax is implemented on Bitcoin spot ETFs, it will exacerbate liquidity loss in the spot market. [CoinPost]