Japanese Would Buy More BTC if Gov’t Made Crypto Tax Reforms – Survey
2025-07-20 23:38:32
Main Idea
A survey by the Japan Blockchain Association (JBA) found that most Japanese would buy more Bitcoin and other cryptocurrencies if the government introduced a flat 20% tax rate on crypto profits, instead of the current high tax rates.
Key Points
1. 13% of 1,500 surveyed Japanese adults own crypto, and 84% of them would buy more if a flat 20% tax rate was implemented.
2. 12% of non-crypto holders would start buying if tax reforms were approved.
3. Currently, Japanese crypto traders pay up to 55% tax on profits, categorized as 'other income,' while many other nations apply capital gains tax.
4. The JBA and key political figures support a flat 20% capital gains tax, but the Financial Services Agency (FSA) has the final say on crypto policy.
5. The survey also revealed that 61% of non-investors cited high taxes as a reason for not investing in crypto.
Description
Most Japanese say they would buy more Bitcoin (BTC) , Ethereum (ETH) , and altcoins if the government agrees to reform the nation’s strict crypto tax rules. This was the main takeaway from a survey of 1,500 adults conducted in April and commissioned by the Japan Blockchain Association (JBA) . Japanese Crypto Tax Reforms Would Drive Volumes Up, Says JBA In response to the question: “Do you own BTC or other cryptoassets?” 13% of respondents responded in the affirmative. Japan Blockchain Associatio...
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