@cryptonomori.eth
Let's continue this discussion. In Japan, crypto tax rules are expected to ease in the next few years.
Hearing this, many might think, "Japan is becoming crypto-friendly." But the reform will likely have conditions:
- Tax cuts only for trades via Japanese exchanges.
- Limits on eligible tokens.
For on-chain natives like us, it's mostly meaningless. DeFi users face old tax rates, distancing Japanese from on-chain activity.
As crypto investment sentiment improves, tons of tokens will idle on exchanges. Holders will just HODL and watch, assuming that's crypto's sole use—ignorant of on-chain events.
Japan needs advisors to provide the government with accurate crypto knowledge.
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