Japanese financial services consider taxing crypto as financial asset

Bobby Cirus

Japanese financial services consider taxing crypto as financial asset

Any change could result in the highest earning crypto holders paying a lower tax rate. The country currently taxes crypto profit as incomewhich can be as high as 45% for people earning more than 40,000,000 yen ($276,000). Capital gains from the sale of securities such as shares are subject to a flat rate of 20%.

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