Quote History The title is misleading, they are "considering" and this is a "suggestion" by Crypto pundits to lower the taxes so more public funds get into the market. Japan is sitting on billions of retirement money, in the next 10 years over 30 million people will retire on full benefits and payouts from their companies. That's a lot of 'grey' money coming into the system.
It's a good move, the government is broke. When I say broke, I mean 25 years of not making a profit and printing money at the behest of the US Federal reserve because Japan and the USA back each other up to control the $USD.
There is an internal struggle in the Japanese government, the cities and high tech areas want to be tax free for start ups, especially for blockchain and AI companies. Japan wants to be Asia competitive for start ups and entrepreneurs, but because the tax system here is so archaic it needs a lot of change and improvement. BTC solves that, especially if they can get the tax rate lower.
When the Japanese insurance companies start large purchases of BTC, then we know the Japanese government is all in. XRP has been tested by most of the Japanese banks, and it's very positive news, it works. Not only does it work it is infinitely better than swift. That is something watch.