GuShiio.com Japanese Finance Minister Katsunobu Kato recently formally responded for the first time to questions about the possible 110% tax on Bitcoin and other digital assets at a House Budget Committee meeting. He pointed out that under current law, this situation is indeed possible and is not limited to crypto assets. He further explained that paying this income tax and inheritance tax may have a negative impact. However, this is limited to cases where the asset has a significant appreciation (compared to the purchase price). In other words, such a high tax rate can only be levied if cryptocurrencies make huge profits.（Cryptopolitan ）
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