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A coalition of lawmakers from Japan's Liberal Democratic Party has submitted a Web3 policy proposal calling for the inclusion of blockchain in the national strategy
Svmuu News: On June 1, the Liberal Democratic Party’s Parliamentary League for Blockchain Promotion submitted a policy proposal to Finance Minister Kazuki Katayama, calling for the explicit inclusion of blockchain and Web3 in national strategy. The proposal covers multiple areas, including tax reform, crypto ETFs, leverage trading regulation, measures against unregistered operators, cryptocurrency strategy, and trade logistics. Among other things, the proposal recommends further research into the choice between “separate tax filing” and “separate withholding tax” for crypto assets, as well as exploring tax treatment for crypto asset swaps and inheritance. Regarding derivatives regulation, the proposal argues that the current 2x leverage limit for individual cryptocurrency trading is too low and recommends gradually increasing leverage levels in conjunction with margin management systems. Additionally, the proposal calls for clarifying the regulatory framework for crypto ETFs and strengthening enforcement cooperation with overseas regulatory authorities. Katayama Gotsuki stated that he will actively promote the development of relevant systems, including facilitating the launch of crypto ETFs and studying the implementation of a new tax system in January 2028. (Coinpost)
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