Japan may modify taxes to deter crypto startup capital flight
According to industry insiders, the existing plan is preventing domestic innovation in the cryptocurrency space. Prior to the country’s 2023 tax overhaul, Japan’s Financial Services Agency is reportedly considering changing the corporate entity cryptocurrency taxation structure. The proposed amendment would eliminate capital gain liabilities for corporate crypto assets that have not been sold at the […]
Japanese crypto group demand that paper gains no longer be taxed
Leading crypto advocacy organizations in Japan want to present a proposal to the country’s financial regulatory body to address its high crypto taxes, which, according to experts, reduce Japan’s competitiveness as a center for the cryptocurrency industry. According to Danny Talwar of the crypto tax platform Koinly , the legislative framework in Japan makes it […]
Japan’s “experiment” with crypto self-regulation is failing
According to reports, JVCEA, a self-regulation entity, has been issued strong warnings to get its act together as the Japan Financial Services Agency presses for the organization to accelerate the adoption of its AML regulations. Local government officials and business professionals claim that Japan’s self-regulation “experiment” for the cryptocurrency sector is not succeeding as anticipated. Since 2018, the […]
Japan Exchange Group warns against impostor crypto trading programs
Japanese investors should be wary of organizations that provide cryptocurrency trading under the Japan Exchange Group (JPX) brand name, logos, and URLs. The owner of the Tokyo Stock Exchange and the Osaka Exchange, Japan Exchange Group (JPX), has issued a warning to the public about organizations that are misleading Japanese investors by offering crypto assets […]
Colombian exporter developing cryptocurrency to help convey long-horned beetles to Japan
Tierra Viva (“Alive Earth”), a Colombian exporter of long-horned beetles situated in Tunja, has been building its own cryptocurrency to circumvent excessive commission charges on overseas sales, according to Reuters on Thursday morning. Tierra Viva’s Hercules, Neptunus, and elephant beetle species, according to the portal, have a retail price of $300 for each pair in […]