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Japan’s 55% Crypto tax era is ending, Will capital follow?


Japan’s 55% Crypto tax era is ending, Will capital follow?

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On June 11 Japan's Lower House approved a bill to reclassify crypto as financial products, cutting capital gains tax on coins including Bitcoin and Ether from a top rate of 55% to 20%. The move clears the way for crypto ETFs and is likely to boost institutional and retail adoption, increase fund flows and have a positive market impact for crypto, DeFi and token-related services in Japan.

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Japan’s Lower House approved a bill on Thursday (June 11) to reclassify cryptos as financial products. This will lead to a cut in the tax rate for capital gains on coins, including Bitcoin and Ether, down from a high of 55% to just 20%, and open doors for crypto ETFs in the fourth-largest economy globally....
Read the article at CryptoPolitan

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In This News

Coins

$ 64.78K

+1.32%

Predictions Markets

See what traders are focused on

View analytics →
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