Japan’s Taxes on Crypto Firms Are Leading Some to Leave the Country


“Japanese tax regulation is crazy and wrong,” Genki Oda, president of crypto change BITPoint, advised CoinDesk. If the authorities had been to make the tax legislation on crypto equal to that of shares, he estimated that 10 trillion to 20 trillion yen (US$88 billion to $175 billion) would return to Japan’s crypto markets.