Japan Finance Minister: 110% tax on crypto assets is possible, but not limited to crypto assets

Odaily News Japanese Finance Minister KATO Katsunobu mentioned the possibility of imposing a 110% tax rate on crypto assets at a meeting of the House of Representatives Budget Committee (inheritance tax + income tax + resident tax = 110%), saying that this situation is indeed possible under current laws and is "not limited to crypto assets" and that the tax rate "only applies to extremely high profits." (Cryptopolitan)