Japan plans to reduce tax burden for digital asset issuers
Currently, Japan imposes a 30% tax on digital asset service providers holding unrealized gains from their assets—a move widely criticized for stifling innovation.
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Japan: Lawmaker slams regulators for approving FTT listing on local exchanges
Akihisa Shiozaki, a Japanese lawmaker, noted that the failure to conduct due diligence led to losses of thousands of Japanese investors as the FTT token's value tumbled overnight.