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Japan's Financial Services Agency plans to reposition crypto assets as financial assets

Japan's Financial Services Agency plans to reposition crypto assets as financial assets

CointimeCointime2024/12/30 12:02
By:Cointime

the Japanese Ministry of Finance has proposed in its latest tax reform outline to adjust the positioning of cryptocurrency assets from payment tools to financial assets. According to the outline, cryptocurrency trading will receive the same tax incentives as other financial products such as listed stocks, provided that appropriate investor protection mechanisms, disclosure obligations, and compliance requirements are established.

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