According to @rovercrc, Japan’s Financial Services Agency (FSA) will formally consider a 50% reduction in taxes on Bitcoin and crypto profits, though the post does not include an official government document or press release for verification, source: @rovercrc. Japan currently taxes individual crypto gains as miscellaneous income with progressive national rates up to 45% plus local inhabitant tax up to about 10%, implying a top effective rate near 55%, source: Japan National Tax Agency (NTA) and local tax guidance. If a 50% cut were applied to the top bracket as described in the source, the maximum rate would fall to roughly 27.5%, mechanically improving after‑tax returns for Japanese residents trading BTC and ETH, source: calculation based on NTA published brackets and the claim in @rovercrc. Such a cut, if officially confirmed, could strengthen BTC/JPY and ETH/JPY liquidity on licensed domestic venues and potentially narrow any Japan–offshore pricing gaps, source: FSA Japan list of registered Crypto Asset Exchange Service Providers. As of the source timestamp, there is no official confirmation from the FSA or the Ministry of Finance; traders should wait for an FSA or Cabinet Secretariat release (e.g., consultation paper or tax reform outline) before repositioning, source: FSA Japan and Ministry of Finance Japan. Near term, traders can monitor BTC and ETH spot–futures basis and volumes on yen pairs for signs of domestic flow reactivation upon any official announcement, while tracking funding and spreads during Asia hours to gauge follow‑through, source: market surveillance practice tied to official announcements and the initial claim from @rovercrc.