Crypto Investors Brace As Japan Proposes 20% Tax By 2027
Japan’s government is backing a plan to tax cryptocurrency profits at a flat 20% rate, a major change from the current system that can push some traders into much higher brackets. Reports have disclosed the move aims to treat crypto gains more like stock trading, simplifying what many investors have called a confusing tax regime. […]
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Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. The recent study also highlights that Kraken is the most influential blockchain company of 2021. Kraken Named 2021’s Most Influential Blockchain Company Numerous research studies have shown the fintech....
According to the Swiss Federal Council and government sources, Switzerland will postpone the automatic exchange of cryptocurrency account data with foreign tax authorities until at least January 2027. Related Reading: $36 Million Gone: Solana Hack Strikes South Korea’s Top Exchange That means the country will still pass new rules next year, but the cross-border sharing […]
Crypto is one of the backbones of the world’s gaming industry, which is growing and drawing in more game addicts. The value of the gaming sector might reach $350 billion by 2027 – thanks to cryptocurrency. The crypto world may be surprised by some of the surprising disclosures made by Triple A’s most recent cryptocurrency […]
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd.
Law on Stablecoins Approved in Japan in Aftermath of UST Collapse
Lawmakers in Japan have passed a bill designed to determine the legal status of stablecoins. The authors of the legislation have effectively defined these cryptocurrencies as digital money, Bloomberg reported following the vote on Friday.
With the new law, Japan....
Per a report from Bloomberg, crypto investors in Japan might soon benefit from a change in the country’s regulation. The Japanese Financial Service Agency (FSA) has filed a proposal that would grant benefits to individual and corporate investors in the digital asset sector and the legacy financial sector. Related Reading: Hodlnaut Under Creditor Protection Following […]