PANews reported on December 4 that according to CoinPost, Japanese Prime Minister Shigeru Ishiba expressed caution about the proposal to include crypto assets (virtual currencies) in a 20% separate tax in his reply to the House of Representatives on December 2. Prime Minister Ishiba pointed out that it is necessary to discuss more carefully whether crypto assets can be supported by national policies like stocks or funds, and whether this tax reform can be understood by the public.
In addition, in response to questions raised by Tetsu Asano of the Democratic Party for the People regarding tax system optimization and Bitcoin ETF, Prime Minister Ishiba said that it is necessary to further evaluate whether crypto assets are suitable as ordinary investment tools. Asano emphasized that Japan's current tax rate of up to 55% is causing Web3 companies and assets to flow out, and suggested introducing mechanisms such as separate taxation and loss carry-forward to enhance domestic market competitiveness, while promoting the construction of a trading environment for Bitcoin ETFs.
