Japan PM calls crypto ‘extremely important’ ahead of 2025 crypto tax review

Japanese Prime Minister Shigeru Ishiba says that the development of cryptographic assets and web3 is “extremely important” to solve the problems of the nation.

According to the Japanese media OliteFinance Minister Katsunobu Kato has promised to finalize Japan cryptography tax rate of “end of June of this year”, in response to a question asked by the leader of the liberal democratic party of Web3Shiozaki.

Shiozaki questioned the position of the Japanese government on cryptocurrency because it considers the discussions in progress for Japanese The cryptographic tax rate is “much more strict” compared to other countries which have concentrated more user -friendly regulations in crypto to adapt to innovation in the digital financing sphere.

“The Japan crypto asset tax system is stricter than other countries, which hinders Japan’s competitiveness,” said Shiozaki, stressing President Trump Plan to establish a national bitcoin (BTC) Reserve in the United States

The Prime Minister of Japan, Shigeru Ishiba, responded to Shiozaki, declaring that cryptocurrency believed would play a key role in resolving the social and financial problems of Japan, as well as to stimulate the productivity of the country. He also highlighted the importance of protecting users from cryptography and improving the web3 environment.

“The healthy development of web 3.0, including cryptographic assets, is extremely important,” Ishiba told the budget committee of the House of Representatives.

Japan’s cryptographic tax to be finalized in June 2025

The Minister of Finance, Katsunobu Kato, confirmed that the financial regulators were in the process of discussing the tax reform of cryptography 2025 and currently considering various “necessary legal arrangements”.

“THE Financial service agency Will check the system concerning cryptographic assets by June of this year, “he said.

In December 2024, just before the announcement of the tax reform plan for the 2025 financial year, the Research Council on the policies of the Liberal Democratic Party turned on the “urgent proposal to make cryptocurrency an asset which contributes to the ‘National economy ”.

The bill included a bill that would apply a distinct cryptographic tax on the profits and the losses reported in cryptocurrency transactions.

Under the current regulations of Japan, the crypto is “various income”, which means that the tax on Japan cryptography could reach 55% according to personal income. Meanwhile in October 2024, the Democratic Party for the People pushed To reduce the 20%crypto tax.

In addition, Kato said that the Council is also reflecting on a change in the way cryptographic assets are legally defined. In Japan, cryptographic assets are considered a means of payment, instead of investment assets. Kato said regulators are currently receiving comments from various stakeholders on the issue.