Japan Slashes Crypto Taxes to 20% in Bid to Attract Investors
On March 10, the Japanese government officially reduced the capital gains tax on Bitcoin and other cryptocurrencies, lowering the rate from 55% to 20%. This policy shift signals Japan’s commitment to fostering a more competitive digital asset market.
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According to LDP lawmaker Akira Shiizaki (Akihisa), cryptocurrencies will now be classified as a distinct asset class, separate from traditional securities under the Financial Instruments and Exchange Act. The new regulations ensure that cryptocurrency derivatives trading will be taxed similarly to spot investments, while crypto-to-crypto swaps will benefit from deferred taxation—only incurring taxes when converted into fiat currency.
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This move by the Liberal Democratic Party (LDP) is part of a broader reform strategy aimed at revitalizing Japan’s digital asset ecosystem. By easing tax burdens, Japan hopes to attract both domestic and international investors and solidify its position as a leading hub for blockchain innovation.
Previously, Japan’s high crypto tax rates forced many investors to either relocate abroad or reduce their activity in the market. By slashing the tax rate to 20%, Japan is aligning itself with global standards, creating a more business-friendly environment for cryptocurrency adoption and investment.
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