tldr; Japan’s financial regulator, the Financial Services Agency (FSA), is reviewing crypto regulations, which could lead to lower taxes and the introduction of domestic crypto ETFs. The review may reclassify crypto as financial instruments under investment law, potentially reducing taxes from up to 55% to 20%, similar to stock taxes. This change could also allow for crypto ETFs, currently banned in Japan. The review aims to align regulations with the current use of tokens for investment rather than payments.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
GreedVault on
>potentially reducing taxes from up to 55% to 20%
If I were the government, I would reduce it to 0%.
Lemon_Club on
Japan’s economy is going in the shitter so they’re getting desperate
3 Comments
tldr; Japan’s financial regulator, the Financial Services Agency (FSA), is reviewing crypto regulations, which could lead to lower taxes and the introduction of domestic crypto ETFs. The review may reclassify crypto as financial instruments under investment law, potentially reducing taxes from up to 55% to 20%, similar to stock taxes. This change could also allow for crypto ETFs, currently banned in Japan. The review aims to align regulations with the current use of tokens for investment rather than payments.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>potentially reducing taxes from up to 55% to 20%
If I were the government, I would reduce it to 0%.
Japan’s economy is going in the shitter so they’re getting desperate