Senior Japanese officials: the current lack of Japanese digital asset tax policy may lead to capital outflows

In the question and answer session of the Financial Reporting Committee on April 6, Shun Otokita, a senior government official representative of the Japanese government, said that the current national tax system cannot accept digital asset declarations, which may lead to capital outflows and pointed out that market research on cryptocurrencies The importance of separate taxation. Otokita acknowledged that it is difficult to quickly modify the tax law to apply to digital assets, but pointed out that it is necessary to conduct market research to determine which changes are necessary.