CZ stated that Japan's proposed tariff reduction to 20% is progress, but it still lacks competitiveness.

According to Odaily Planet Daily, CZ expressed his views on the X platform regarding Japan's proposed reduction of the cryptocurrency tax rate from 55% to 20%, believing it to be a positive development for Japan, as a lower tax burden would contribute to economic growth. Regarding the discussion on whether 20% is sufficient to restore competitiveness, CZ stated that the tax rate is still too high, emphasizing that many countries do not tax capital gains.

Previous reports indicated that Japan's Financial Services Agency was considering enacting regulations to define cryptocurrencies as financial products subject to insider trading rules and to lower their profit tax rate.