NEW: Japan Takes Bold Steps to Lead in Crypto Economy with New Taxation Regime

Japan is reshaping its cryptocurrency tax policy to encourage long-term digital asset investments. Part of the fiscal 2024 tax plan, the reforms include exemptions on unrealized gains for business-held cryptocurrencies. This significant policy shift aims to reduce tax burdens on companies and attract global crypto liquidity. Amidst Asia’s competitive crypto landscape, Japan is emerging as a proactive leader. These changes foster a thriving fintech sector, acknowledging the distinct characteristics of digital assets and enhancing Japan’s appeal in the rapidly evolving global crypto economy.

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