tldr; Japan plans to overhaul its cryptocurrency tax system by fiscal year 2026, replacing progressive tax rates of up to 55% with a flat 20% rate, aligning crypto with equities. The reforms include three-year loss carry-forward provisions and insider trading regulations to enhance market fairness. These changes aim to boost investor confidence, attract institutional capital, and position Japan as a global hub for digital assets. The move is part of a broader strategy to balance innovation with security and foster growth in the Web3 economy.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Paddy_Powers on
Turning Japanese, I think I’m turning Japanese, I really think so.
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tldr; Japan plans to overhaul its cryptocurrency tax system by fiscal year 2026, replacing progressive tax rates of up to 55% with a flat 20% rate, aligning crypto with equities. The reforms include three-year loss carry-forward provisions and insider trading regulations to enhance market fairness. These changes aim to boost investor confidence, attract institutional capital, and position Japan as a global hub for digital assets. The move is part of a broader strategy to balance innovation with security and foster growth in the Web3 economy.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Turning Japanese, I think I’m turning Japanese, I really think so.
Nani?!?!