Japan proposes a substantial reduction in crypto tax, cutting the rate from 55% to 20%

Japan Reduces Crypto Tax to 20%

Japan announced a significant cut to its cryptocurrency tax rate, lowering it from 55 percent to 20 percent. The reduction has spurred major brokerage firms to race toward launching investment funds dedicated to Bitcoin (BTC) and Ethereum (ETH). The story originally appeared on COINTURK NEWS under the headline “Japan plans major cut to crypto tax, drops from 55% to 20%.”