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Japan’s Regulator Plans to Scrap ‘Unrealized Gains’ Tax on Crypto

Japan has been actively reassessing its crypto tax regulations since last year, with a focus on creating an environment that encourages the growth of blockchain startups within the country. Japan’s financial regulator, the Financial Services Agency (FSA), has unveiled a groundbreaking proposal that could reshape the country’s crypto taxation landscape. On August 31, 2023, the FSA presented its plan to revise the tax code concerning digital assets, with the most prominent change being the...

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