Japan's National Diet has backed a proposal from the Financial Services Agency (FSA) to drastically reduce the country's cryptocurrency tax burden. The change shifts from a progressive system that reached up to 55% to a flat 20% rate, aligning crypto taxation with stocks and other traditional financial assets. This policy reversal marks a significant evolution from Japan's post-Mt. Gox strict regulatory phase, where crypto was classified as "miscellaneous income" in 2017, driving many traders away due to high penalties.
The tax reduction has triggered a wave of renewed retail activity, with traders who previously avoided the market now moving into early-stage opportunities. Analysts expect this to open the door for a new wave of retail participation, with early signs showing rising inflows into projects offering clear utility.
One project directly benefiting from this shift is Digitap ($TAP), which is experiencing accelerated presale momentum. The project has sold over 140 million $TAP tokens, raising more than $2.3 million. The current presale price of $0.0361 increases at each stage, with a confirmed exchange listing price set at $0.14, providing early participants with a clear valuation path.
Digitap distinguishes itself with a live platform that offers real-world utility, including stablecoin storage, cross-border payments, and a no-KYC Visa card that integrates with Apple Pay and Google Pay. The system connects traditional financial networks (SWIFT, SEPA, ACH, Faster Payments) with blockchain settlement, targeting the rapidly expanding global cross-border payments sector projected to exceed $250 trillion annually by 2027.
The article positions Digitap as a competitor to XRP in the digital banking and cross-border payments space, arguing that while XRP focused on institutional infrastructure, Digitap delivers immediate consumer-facing tools. Digitap's tokenomics include a buyback-and-burn model where 50% of platform profits fund buybacks, with half of those tokens burned and half distributed as staking rewards.