A coalition of Japanese blockchain and crypto exchange companies has formally requested the government to revise coin-related tax policies. The Japan Blockchain Association (JBA), in an official release, urged Tokyo to implement these changes before the 2025 fiscal year.

The JBA pointed out that the current high tax rates on cryptocurrency profits are preventing Japanese citizens from effectively preserving valuable assets. The coalition advocated for applying the same tax rate to cryptocurrencies that is used for traditional financial assets, such as…

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