Japan Blockchain Association Calls for Tax System Changes for Crypto Assets

08/03 11:50

The Japan Blockchain Association is calling for changes to Japan's crypto tax laws, including the elimination of the year-end unrealized gains tax on corporations holding crypto assets and revising the taxation method for personal crypto asset trading profits. The association believes that high taxation is a major barrier for foreign Web3 companies and that favorable tax rates, regulatory certainty, and support for the digital asset ecosystem are necessary for East Asian jurisdictions to develop as digital asset hubs. 

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