Japanese Finance Minister Katsunobu Kato recently responded formally for the first time at a meeting of the House Budget Committee regarding the possibility of a 110% tax on Bitcoin and other digital assets. He pointed out that according to current laws, this situation is indeed possible and not limited to encrypted assets. He further explained, "Paying the income tax and inheritance tax may have a negative impact. However, this is only applicable in cases where the asset has greatly increased in value (compared to the purchase price)." In other words, such a high tax rate can only be imposed if the cryptocurrency generates huge profits. （Cryptopolitan ） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38764