Japan Will Ease Crypto Tax Policy

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The Japanese authorities are currently considering options for easing tax policy in relation to crypto business.

A change of course is needed to stop the flight of startups and cryptocurrency platforms to other jurisdictions.

The government of the country is ready to reduce the requirements for the minimum capital of companies. In addition, Japan may reduce the maximum income tax from 55% to 20%.

At the moment, the country has the most stringent tax laws.

The fiscal burden remains high for all industry participants, including miners, DeFi decentralized finance protocols, and service developers.