The tax burden on coin issuers has decreased in Japan

Companies that issue digital coins in Japan are exempt from paying 30% in the form of tax fees for unrealized profits that are received from the issuance or storage of tokens. This is the result that emerged after the National Tax Agency clarified the relevant law.

What is known at the moment

The proposal to reduce the load was put forward last summer. After 4 months, the profile committee of the Liberal Democratic Party approved it. After that, the initiative was adopted by the Parliament.

The proposal is made to stimulate the growth of the financial and technological field. The rules that were in effect forced businessmen to open startups in third-party jurisdictions.

It should be noted that at the beginning of this year, the media warned that the Japanese authorities were ready to make the regulation of stable coins more lenient. And this will happen no later than June.

Not so long ago, it was reported that the Japanese Association of Virtual Currency Exchanges wants to require the FSA to increase leverage from one to two to at least one to ten.

Since the beginning of June, Travel Rule, launched by FATF, began to operate. They allow you to track cryptocurrency transactions for AML — anti-money laundering.

The GRIN4 ecosystem

We have created a bot to make money on crypto exchanges. You set the settings, and he trades 24/7. Manage all assets from one service: with your own hands or with the help of algorithmic trading. Anonymously. Simply. Stress-free.