Japan Eyes Crypto Shift as LDP Pushes Tax Cuts and Tough Insider Trading Rules
Metaplanet
Japan plans 20% crypto tax and strict insider trading rules.
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Japan is signaling a stronger embrace of digital assets while tightening market oversight. According to Bloomberg, Finance Minister Katsunobu Kato stated that cryptocurrencies, though volatile, could still play a role in diversified investments. He pointed out that the ministry will strive to establish an appropriate trading structure for investors.
The Liberal Democratic Party, which is in charge of the government, is driving reforms that could transform the way crypto is regulated and taxed. Currently, personal profits from cryptocurrency trading are taxed at a progressive rate of up to 55%. The party has promised to impose a flat rate of 20 percent, which would make the market more amenable to local traders and more similar to equities.
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