Japan Proposes Major Crypto Regulatory and Tax Overhaul
Japan Proposes Major Crypto Regulatory and Tax Overhaul
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Japan's Financial Services Agency (FSA) is reportedly planning to reclassify cryptocurrencies as financial products. This move would entail new disclosure and insider trading rules, and a significant reduction in the crypto tax rate from the current 55% to a flat 20%.
Japan’s FSA plans to reclassify crypto as financial products, enforce new disclosure and insider trading rules, and cut the crypto tax rate from 55% to a flat 20%.