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RE: LeoThread 2025-03-07 04:21

in LeoFinance7 months ago

Japan’s ruling party proposes capping crypto tax rate at 20%, matching stocks

Japan's ruling Liberal Democratic Party has proposed to reclassify crypto under the Financial Instruments and Exchange Act to cap crypto tax rates at 20% (matching the tax rate for securities) instead of the current maximum of 55%. The proposal aims to encourage market growth, protect investors, and pave the way for innovations like spot crypto ETFs.

#technology #japan #crypto #tax