Japanese Senate member submitted a virtual currency tax change petition to the House of Representatives, but it was not adopted

Recently, Japanese Senate member Fujiwara Kenji submitted a virtual currency tax change petition to the House of Representatives on behalf of the public. However, the petition was not approved by other members of the Parliamentary Finance and Finance Committee and was therefore not adopted. It is reported that the petition contains the following four key points: 1. The current (accumulated) “miscellaneous income” is up to 55%, and the tax is 20% off. 2. The knot of virtual currency trading loss is enabled. Transfer deduction; 3. Tax exemption when purchasing and selling virtual currency; 4. Tax exemption when the store makes small payments in cryptocurrency. Fujiko Kenji said that although the petition was not adopted, it showed the government's strong will.