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Japan Financial Regulator Requested to Reduce Crypto Tax

Liang CHE

Summary: According to bitcoinnews.com, the Japan New Economy Association (JANE) has asked the Japan Financial Services Agency (FSA) to reduce the current cryptocurrency-related income tax rate. In addition, JANE called on Japanese regulators not to hinder the development of the encryption industry. It insists that restrictions on digital assets can undermine innovation. In addition, the association ...

According to bitcoinnews.com, the Japan New Economy Association (JANE) has asked the Japan Financial Services Agency (FSA) to reduce the current cryptocurrency-related income tax rate. In addition, JANE called on Japanese regulators not to hinder the development of the encryption industry. It insists that restrictions on digital assets can undermine innovation. In addition, the association requires the FSA to clarify the scope of regulation of ICO, derivatives transactions and their settlement.

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