<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YWRjNDMtN2MyZC03ZDJjLTg4YTctNDgzZTgwZWY1YWRk.jpg" alt="Japan government backs 20% tax on crypto profits, on par with stocks "></p><p>Japan has taken another step to reform its crypto taxation, replacing its tiered system that can reach as high as 55%.</p>