Survey+Lobbying of Japanese Law

The latest updates will be listed here. The following document contains a summary of the four proposals.(日本語での説明や最新のアップデートはこちらに記載します。以下の文書は4つの提案をまとめて記載しています。)

https://docs.google.com/document/d/1g4I6il6f-Y7Hy2BdqO7zXgsOEc8RAqndXaDlscmpHoM/edit?usp=sharing

Update 2021/12/04

This proposal is being offered as part of four overarching proposals Please check the other three proposals.

Introducing 100 Cardano Defi in JP：
https://cardano.ideascale.com/a/dtd/Introducing-100-Cardano-Defi-in-JP/384685-48088

Hardware wallet site / 10meetup JP：
https://cardano.ideascale.com/a/dtd/Hardware-wallet-site-10meetup-JP/384681-48088

Japanese FUD / SCAM Buster 100 ：
https://cardano.ideascale.com/a/dtd/Japanese-FUD-SCAM-Buster-100/384668-48088

Survey+Lobbying of Japanese Law：
https://cardano.ideascale.com/a/dtd/Survey+Lobbying-of-Japanese-Law/384644-48088

____ I M P A C T _____

◼️Japan is huge for Cardano.

Japan is important because 95% of presale buyers are Japanese and the average value ADA purchase is 1.8 million ADA.

https://cardano.org/genesis/

Whenever trying to do anything(Staking Defi, etc), you need to consider reaching out to Japanese holders if there is a possibility of needing to involve holders with a lot of ADA.

Also, the impact of a Japanese holder losing their ADA due to some kind of fraud or accident is significant.

For some services, not limiting your reach to Japanese holders may be considered illegal by Japanese regulators.

◼️However, in the four areas of tax law, security, FUD, and Defi expansion, the Japanese base is in a weak position.

Law Tax Law: There is no comprehensive documentation on the relationship between Cardano and Japanese tax law and law, making it difficult for Japanese residents to understand what is legal and what is illegal. In addition, it has been pointed out that some of the tax laws and regulations are at a level that is unreasonable. (The possibility of a 110% tax on staking is pointed out. (A possible 110% tax on staking, a possible requirement to register as an exchange company for applications that provide DEX functionality to Japanese residents.) We need to make appropriate comments on these issues.

The scope of this proposal is limited to "submission of opinions". It is also desirable to have comprehensive document supervision by an external lawyer, but that is also out of the scope of this work.

◼️Therefore, we will strengthen our Japan base with the following KPIs in the four areas of legal tax law, security, FUD, and Defi expansion.

Law Tax Law: Within 6 months, we will conduct a comprehensive study of Japanese legal tax law based on the laws and regulations as of December 1, 2021, prepare and publish a document, and submit at least one opinion each in the tax and non-tax areas regarding clearly unreasonable clauses.

____ F E A S I B I L I T Y ____

Common Items:In general, the main proposer of this fund is expected to work on a volunteer basis, and there are no time or financial constraints on this proposal. However, with this funding, we would like to ask Cardano Treasury to cover some of the implementation costs, such as server, venue, phone, etc., and to hire a part-time helper to accelerate the proposal itself. Both proposals involve a rather large amount of work that requires some expertise, but we believe we have set a very modest budget. Most of the proposals are set up on a volunteer basis, but once we are able to manualize these operations and confirm the results, we may revisit these budgets and make a successor proposal in a future Fund.

Law and tax law: Both Yuta and Ishikawa have a good understanding of Cardano, having participated in the Expo. Yuta is a tax accountant and Ishikawa is a lawyer with a Japanese perspective. Yuta is a tax accountant and Ishikawa is a lawyer with Japanese line sense. $2,500 for comprehensive tax law research + $500 for at least two issuance of opinion letters = $3,000.

____ A U D I T A B I L I T Y ____

Launch date (work start date) = funding date, and the scope of activity is within 6 months from that date. Questions can be sent to "yutacreate@gmail". (However, we will be creating a separate one for FUD Busters.) Each is basically a one-time proposal, and all proposals are complete and do not require ongoing funding. The deliverables related to this activity are licensed under the [Creative Attribution-Non-Commercial-ShareAlike (CC BY-NC-SA) License v4.0. We have defined the launch date as above, but we plan to start working on it before that, and even if we don't get funding, we will still do it. funding and progress will be reported when we report to the IOG team.

The KPIs are listed in the Impact section and the budget details are listed in the Feasibility section.