Japan is the new ally of crypto

Bloomberg reports that Japan’s financial regulator (FSA) has proposed lowering the tax burden on companies operating in the crypto sector and on individual investors. The measure is part of a larger reform package wanted by Prime Minister Kishida, a proud supporter of a “New Capitalism”. The Tokyo government is studying not only exemptions, but also forms of incentives for Web3 companies, which in recent years have moved en masse to Singapore, discouraged by a previously unfavorable tax regime.