Japan is edging closer to a more workable tax structure for crypto traders as lawmakers signal support for a Financial Services Agency proposal to cut taxes on digital assets to a flat 20%. The change would replace the current system, where gains can fall under progressive income brackets of up to 45% plus a 10% inhabitant tax — a combined rate of 55%. A flat rate would bring crypto into the same tax category as many traditional assets and remove a long-standing barrier that discouraged domestic retail traders. Industry figures expect the revised approach to pull new users into the market and reverse years of subdued ... (full story)