Silver
@silver124
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Bloomberg: Japan to review crypto rules, consider lower taxes and fund investments
Japan plans to review its cryptocurrency regulations, potentially lowering taxes on digital assets and allowing funds to invest in tokens, according to Bloomberg. The Financial Services Agency (FSA) will assess if current rules under the Payment Services Act provide sufficient investor protection, possibly reclassifying crypto as financial instruments. Yuya Hasegawa, a market analyst at Bitbank Exchange, stated that this could reduce crypto tax rates from 55% to 20%, similar to stocks, and lift the ban on token-inclusive ETFs. Japan's crypto market has been recovering, with trading volumes nearing $10 billion this year, up from $6.2 billion in 2023. 0 reply
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