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Japan may introduce new strict rules for cryptocurrencies🧐
— According to Asahi, Japan's regulator (FSA) views cryptocurrencies as financial assets subject to regulation under Insider Trading, which could significantly change the trading approach.
— There are also plans to reduce the tax on income from crypto transactions from the current ~55% to a fixed 20%.
— Exchanges will be required to disclose volatility risks, and banks and insurance companies will be able to sell cryptocurrencies through subsidiary brokerage structures.
— There are also plans to reduce the tax on income from crypto transactions from the current ~55% to a fixed 20%.
— Exchanges will be required to disclose volatility risks, and banks and insurance companies will be able to sell cryptocurrencies through subsidiary brokerage structures.
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