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FSA and Japan’s Ministry of Economy, Trade and Industry are considering a tax reform proposal for 2023. Options include exempting crypto startups issuing their own tokens from paying
FSA and Japan’s Ministry of Economy, Trade and Industry are considering a tax reform proposal for 2023. Options include exempting crypto startups issuing their own tokens from paying taxes on unrealized profits.
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— 平将明（たいらまさあき/Taira Masaaki） (@TAIRAMASAAKI) August 24, 2022
The initiative aims to prevent companies from going abroad.
“Most of them are moving to Singapore because starting a company in Japan is stupid” Hiroshi Mikitani, chairman and chairman of Rakuten Group, said in an interview with Crypto.News:
The agencies will also consider a joint venture between the Japan Crypto-Asset Collaboration Association and the Japan Crypto-Asset Exchange Association. Corporations previously offered to lower the capital gains tax rate for retail investors from 55% to 20%.
Recall that in June, the Japanese Parliament passed a bill recognizing stablecoins as digital currencies.
Previously, the FCA promised to create operating rules for stablecoin issuers.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
