If Crypto Tax Rate Cut is Realized, About 60% of Interested Non-Holders 'Want to Start Investing'

JinaCoin, a crypto asset (virtual currency) news media operated by jaybe Inc., conducted an online survey targeting 351 residents in Japan aged 20 and over, regarding their investment intentions in response to the proposed tax reform for crypto assets.

Currently, there are discussions in Japan to shift the taxation on crypto asset transactions from a comprehensive tax with a maximum rate of 55% to a separate self-assessment tax of approximately 20%, starting from 2028 onwards.

This survey revealed differences in trends based on investment experience and age groups regarding investment intentions and destinations if crypto asset transactions move to a separate self-assessment tax system.

**Survey Overview**
- Survey Name: Survey on investment intentions accompanying the proposed crypto asset tax reform
- Survey Period: April 17, 2026 (Friday) - April 20, 2026 (Monday)
- Survey Method: Internet survey
- Target Audience: Residents of Japan aged 20 and over
- Valid Responses: 351 people (202 men, 143 women, 6 others)
- Conducting Body: jaybe Inc. / JinaCoin Editorial Department

**Survey Results Summary**
- When asked about their investment intentions if the crypto asset tax rate becomes approximately 20%, 60.7% of those who are interested in crypto assets but have never held them answered that they "want to start investing newly."
- 96.1% of current crypto asset holders responded that they would "maintain" or "increase" their investment amount.
- By age group, 40.0% of those in their 20s answered that they "want to start investing newly," the highest percentage among all generations.
- If the review of the crypto asset tax system is realized, "Bitcoin" was the most cited response for specific investment targets.

**Over 60% of interested non-holders "want to start investing newly"**
When the 351 respondents were asked about their investment intentions if the tax rate becomes approximately 20%, 60.7% of those who are interested but have never held crypto answered that they "want to start investing newly."

**Investment Intentions**
- Currently holding (n=128): Want to start newly 0.0%, Increase slightly 50.8%, Increase to more than double 2.3%, No change 43.0%, Decrease 3.1%, Do not intend to invest in the future 0.8%
- Held in the past (n=51): Want to start newly 19.6%, Increase slightly 25.5%, Increase to more than double 5.9%, No change 35.3%, Decrease 0.0%, Do not intend to invest in the future 13.7%
- Interested but never held (n=122): Want to start newly 60.7%, Increase slightly 6.6%, Increase to more than double 0.0%, No change 9.0%, Decrease 1.6%, Do not intend to invest in the future 22.1%
- Not interested (n=50): Want to start newly 6.0%, Increase slightly 0.0%, Increase to more than double 0.0%, No change 4.0%, Decrease 0.0%, Do not intend to invest in the future 90.0%

Furthermore, among those who currently hold crypto assets, a combined 96.1%—comprising "Increase slightly" (50.8%), "Increase to more than double" (2.3%), and "No change" (43.0%)—showed an intention to maintain or increase their current investment amount.

On the other hand, only 3.1% answered that they would "Decrease" it, indicating that many current holders intend to continue or increase their investments.

**Those in their 20s are the most eager to "start newly," while those in their 50s stand out for their cautious stance**
When analyzed by age group, the percentage of those in their 20s who "want to start newly" reached 40.0%, marking the highest result among all generations.

**Investment Intentions by Age Group**
- 20s (n=40): Want to start newly 40.0%, Increase slightly 22.5%, Increase to more than double 2.5%, No change 12.5%, Decrease 2.5%, Do not intend to invest in the future 20.0%
- 30s (n=111): Want to start newly 26.1%, Increase slightly 26.1%, Increase to more than double 1.8%, No change 25.3%, Decrease 0.0%, Do not intend to invest in the future 20.7%
- 40s (n=122): Want to start newly 21.3%, Increase slightly 28.7%, Increase to more than double 0.8%, No change 26.2%, Decrease 2.5%, Do not intend to invest in the future 20.5%
- 50s (n=61): Want to start newly 18.0%, Increase slightly 19.7%, Increase to more than double 1.6%, No change 27.9%, Decrease 1.6%, Do not intend to invest in the future 31.2%
- 60s and over (n=17): Want to start newly 29.4%, Increase slightly 5.9%, Increase to more than double 5.9%, No change 23.5%, Decrease 5.9%, Do not intend to invest in the future 29.4%

While "Increase slightly" accounted for a relatively high percentage of 26.1% and 28.7% for those in their 30s and 40s respectively, 5