Crypto Business Leaving Japan Due to High Tax, Entrepreneur Says

Japan should reduce corporate taxes on crypto to prevent entrepreneurs leaving the country, one of the nation’s most high-profile crypto businesspeople said.

“At least 20 or more” firms have opted to establish their crypto business abroad rather than Japan because of the high levy, said Sota Watanabe, CEO of Web3 infrastructure developer Stake Technologies Pte., in an interview on Monday.

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