j
johngeder@gmail.com
For the Bus. Dev. / leadership teams:
As you probably know, Cryptact is a native Japanese crypto tax solution... if you want to have a chance of competing with them in the long-run, then you will want to prioritize getting into the market... the deeper they get embedded the harder gaining a foothold will get.
My understanding is that Japanese Crypto-taxes are potentially getting much simpler and friendlier to investors:
"Upcoming 2026 Changes:
The Japanese government is implementing a major tax shift, proposing a flat 20% tax on crypto gains, bringing them in line with traditional financial assets. The reform also aims to introduce a three-year loss carryforward, allowing investors to offset previous losses against future gains. "
If your serious about market entry, then a couple of quick thoughts:
- Needs to be a comprehensive approach that makes you look/feel/smell like a Japanese company to get the traction your leaders likely want
- The Japanese government limits the exchanges that local investors can sign up for, so covering all of these could be feasible (need engineer(s) with Japanese background to assess.) Unfortunately, the allowed exchanges offer sub-par services compared to whats available globally. May be an opportunity to "white label" partner with them to gain the local feel and market knowledge (if they aren't already locked up with Cryptact.)
- Be paranoid about structuring the Japanese entity to ensure this doesn't break off... Japanese subsidiaries seem to have higher rates of jumping ship. This risk needs to be managed carefully.
- Yen is low right now, so cost of entry will be lower -- focus on getting to self-sustaining quickly to eliminate FX risk given the volatility in those markets recently.
Cheers and GL