[CZ Says Japan's Plan to Lower Tax to 20% is Progress but Still Lacks Competitiveness] Odaily Planet Daily reports that CZ shared his views on the X platform regarding 'Japan's plan to reduce the crypto tax rate from 55% to 20%,' stating that this move is a positive development for Japan, as lower tax burdens can promote economic growth. In response to discussions on whether '20% is sufficient to restore competitiveness,' CZ commented that the tax rate is still relatively high, emphasizing that many countries do not impose taxes on capital gains. Previous reports: Japan's Financial Services Agency is considering drafting regulations to define cryptocurrencies as financial products subject to insider trading rules and to lower their profit tax rate.