Japan's Crypto Tax Reforms Expected to Advance After Election

Following the Liberal Democratic Party's decisive victory in Japan's recent snap election, Prime Minister Sanae Takaichi is anticipated to continue advancing previously initiated cryptocurrency tax reforms. According to NS3.AI, the government plans to introduce a flat 20% capital gains tax on crypto profits by 2028 and allow loss carryovers, while maintaining positive engagement with web3 and blockchain initiatives. Despite some mixed stock market performance among crypto-linked firms, overall optimism prevails due to anticipated increased domestic risk appetite and foreign capital inflows.