Japanese Crypto Firms Petition Government to Reform Crypto Tax:

An association of Japanese crypto exchanges and blockchain companies has petitioned the government to make coin-related tax reforms.
In an official Japan Blockchain Association (JBA) release, the companies asked Tokyo to make the changes ahead of the Financial Year 2025.
The JBA explained that high tax rates on crypto profits are “hindering” Japanese citizens’ efforts to save valuable assets.
The body called on Tokyo to use the same tax rate as it applies to conventional financial assets such as stock exchange-listed stocks.