Japan's Tax Relief: Boosting Corporate Crypto Holdings
Japan's revised tax laws streamline corporate crypto taxation, aligning with investor norms and aiming to spark domestic entrepreneurial growth.
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Japan's revised tax laws streamline corporate crypto taxation, aligning with investor norms and aiming to spark domestic entrepreneurial growth.
The proposed tax code change would specifically apply to cryptocurrencies held for purposes other than short-term trading.
South Korea enforces a mandatory disclosure of cryptocurrency holdings for politicians, promoting transparency in the financial portfolios of public figures.
Should the legislation secure approval, it would render crypto assets owned by Brazilians overseas subject to the same tax regulations governing traditional assets, taking effect from January 2024.
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The Basel Committee of central banks and regulators has proposed a "conservative prudential treatment" for crypto assets that banking groups say is too restrictive.