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.