Zhao Changpeng views Japan’s proposed reduction from 55% to 20% as a step forward for economic growth, but notes it still remains higher than in tax-free jurisdictions.
Binance founder Zhao Changpeng commented on Japan’s proposal to reduce its cryptocurrency tax rate from 55% to 20%, calling it a positive move for economic growth. He pointed out, however, that the new rate is still relatively high compared to countries without capital gains tax on crypto.