The Japan Encryption Business Association and the Exchange Association issued a tax reform request for fiscal year 2023: proposed to tax cryptocurrencies separately at a tax rate of 20%

The Japan Encrypted Assets Business Association (JCBA) and the Japan Encrypted Assets Exchange Association (JVCEA) issued a tax reform request for fiscal year 2023, proposing a separate taxation of cryptocurrencies at a rate of 20%, which also applies to derivatives transactions.