Japanese regulator seeks to scrap “unrealized gains” tax on crypto
Financial Services Agency has proposed to change the tax code around digital assets in a bid to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto.
Financial Services Agency has proposed to change the tax code around digital assets in a bid to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto.
Founded by former Google AI engineers, the startup is inspired by schools of fish and bee hives to design collective artificial intelligence.
This week’s Crypto Biz looks at Worldcoin’s expansion plans, GameStop’s exit from crypto, MicroStrategy’s quarterly results and Nomura’s crypto license in Dubai.
Cointelegraph analyst and writer Marcel Pechman explains how a weakening German economy — Europe’s largest — is a positive for cryptocurrencies.
The Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14.
Laser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter (OTC) service.
Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets.
The funds will be used to aid the firm's global expansion across tough regulatory landscapes.
A video shared by Worldcoin co-founder Sam Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD.
"Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks," said FSA official Mamoru Yanase.