Changpeng Zhao (CZ), the founder of Binance, has publicly acknowledged Japan's recent decision to ease its cryptocurrency income tax rates. The Japanese government is reducing the maximum crypto income tax from 55% to 20%. CZ stated that while the move is "welcome," the 20% rate is still relatively high compared to other jurisdictions actively fostering the crypto industry. This adjustment signifies a positive step towards attracting crypto businesses and investors to Japan, potentially boosting the country's digital asset ecosystem. However, further reductions may be necessary to remain competitive globally. ```