Crypto Overhaul In Japan: ETF Launch And Lower Taxes Ahead?

Quick Summary:

The Japanese financial regulator is preparing to review cryptocurrency regulations, potentially lowering crypto taxes and paving the way for a digital assets exchange-traded fund (ETF).

The review’s primary focus will be to determine whether the current method of regulating digital assets under the Payments Act is adequate.

The source added that digital assets are used primarily for investing and speculation rather than as a medium of exchange.

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Article Details

Author / Journalist: Ash Tiwari

Category: Crypto

Markets: HungaryChinaJapan

Topics: FSA Crypto regulation Crypto regulation Bitcoin Web3 Crypto taxes BTCUSDT Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 08:30:05 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 49 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22847511

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #105

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