Currencies38131
Market Cap$ 2.27T+0.90%
24h Spot Volume$ 32.92B-0.58%
DominanceBTC56.28%-0.05%ETH9.51%+1.60%
ETH Gas0.12 Gwei
Cryptorank
/

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


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

Share:

AI Overview

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.

Bullish

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
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

In This News

Coins

$ 63.83K

+0.92%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 63.83K

+0.92%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share: