Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset

Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset

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Source: Coindesk.com

Japan's Financial Services Agency said it may be worth taxing crypto as a financial asset. The country currently taxes crypto profits as income, which can result in a 45% tax rate for high earners. Capital gains from sales of financial securities face a flat rate of 20%.

Japan's Financial

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The post "Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset" appeared first here Coindesk.com.

Source: Coindesk.com

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