๐ฏ๐ต Crypto could boom in Japan if tax reforms move forward. Only 13% of adults in Japan currently hold crypto, but many are waiting for fairer tax laws before jumping in.
๐ A recent survey shows that both holders and non-holders would increase Bitcoin buying if profits were taxed at a flat 20% โ instead of the current system where taxes can hit up to 55%.
๐ The Japan Blockchain Association is pushing for crypto to be taxed like stocks (capital gains), with suggestions for automatic tax withholding to simplify the process.
While lack of knowledge still limits broader adoption, friendlier tax policies could bring in a new wave of Japanese investors by 2026 โ especially if the Financial Services Agency follows through with upcoming reforms.
๐ Follow us for the latest updates
#CryptoJapan #BitcoinNews #CryptoAdoption #CryptoRegulation #bitinsider