Browsing: financial services agency Japan

The Japanese cryptocurrency tax rate has been a contentious issue, as the government considers significant reforms to enhance the nation’s blockchain industry.Currently, cryptocurrency earnings are subject to a staggering progressive tax rate that can reach up to 55%, a figure that many believe stifles growth and innovation in the sector.

Japan crypto exchanges reserves are becoming a focal point for regulatory reforms as the nation’s financial watchdog takes steps to enhance customer protection.In light of recent cybersecurity breaches and the historical collapse of notable exchanges, the Financial Services Agency is poised to introduce strict legislation by 2026 that mandates exchanges maintain liability reserves.