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According to CoinWorld, the Japan Blockchain Association (JBA) submitted a tax reform proposal to the government, requesting that cryptocurrency transactions be subject to a separated tax rate of 20.315%, replacing the current comprehensive tax rate of up to 55%. Representative Yuzo Kanagawa pointed out that Japan already has over 12 million crypto accounts and warned of the risks of "110% inheritance tax" and capital outflow, calling for a revision based on the stock system. At the same time, there are concerns that if a 20% tax is implemented on Bitcoin spot ETFs, it will exacerbate liquidity loss in the spot market. [CoinPost]