In his inaugural press conference, Masaaki Taira said the “most important thing” to deregulate in the blockchain sector is the Japanese “tax system” Author Tim Alper Share Last updated: Masaaki Taira, Japan’s newly appointed Digital Transformation Minister, has hinted that he will push for crypto tax reform. During a press conference after his appointment, Taira called for the “reform” of tax laws to help the nation’s “ blockchain ” sector. Given Taira’s previous comments about the need for crypto tax reform, it appears clear he was referring to crypto tax. Crypto Tax Reform: Japan Inches Closer? Per CoinPost , journalists asked Taira about the web3 sector. They asked “what kind of deregulation” would help “the spread of blockchain technology.” Taira replied: “I think the most important thing is the tax system.” However, the minister then appeared to temper this statement by suggesting that tax-related matters were out of his control. He explained: “I’m not in a position to speak about the tax system, so I cannot comment on that matter.” Journalists pressed him on these comments, asking him to clarify his answer. To this, Taira replied: “Tax reform is the responsibility of the Financial Services Agency, so I will […]
Japan’s New Digital Transformation Minister Hints at Crypto Tax Reform
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