Japan to potentially lower capital gains tax on crypto in regulatory review
Japan to potentially lower capital gains tax on crypto in regulatory review
Japan to potentially lower capital gains tax on crypto in regulatory review
Japan to potentially lower capital gains tax on crypto in regulatory review
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Everythings getting set so that 2025 becomes the year
Damn, I’d like that to be the case in the UK, where it is possible (maybe even extremely likely) that CGT will be increasing very soon.
tldr; Japan’s Financial Services Agency (FSA) is reviewing its crypto regulations, potentially reducing taxes on crypto gains and reclassifying digital assets to foster a favorable investment environment by 2025. The review may shift digital assets under the Financial Instruments and Exchange Act, reducing the tax rate on crypto gains from 55% to around 20%. This could align them with stocks and other financial assets. The review may also approve ETFs containing digital tokens, integrating cryptocurrencies into Japan’s financial market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Is this why Vitalik has chosen Japan as the destination to set up his harem ?