Crypto Tax Cuts Could Unleash Bitcoin Buying Spree In Japan

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Japan’s tough approach to crypto taxes is holding back both buyers and sellers. A survey of 1,500 adults in April found that just 13% currently own Bitcoin, Ethereum or other cryptoassets. Many say they’d be ready to dive in—if only Tokyo eased the tax burden.

Majority Back Flat Tax

According to the Japan Blockchain Association, 84% of the 191 people who already hold crypto would buy more if profits faced a flat 20% levy.

And 12% of the 1,309 non‑holders said they’d start buying bitcoin or other cryptos under the same rule. That’s a big shift from today’s system, where crypto gains land under “other income” on tax returns.

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