Home Cryptocurrency Japan’s Financial Services Agency Considers Taxing Crypto as a Financial Asset

Japan’s Financial Services Agency Considers Taxing Crypto as a Financial Asset

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Any change might lead to the highest-earning crypto holders paying a lower rate of tax. The country currently taxes crypto profits as income, which can be as high as 45% for people earning over 40,000,000 yen ($276,000). Capital gains from sales of securities such as shares face a flat rate of 20%.

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