
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.
Currently, Japan imposes a 30% tax on digital asset service providers holding unrealized gains from their assets—a move widely criticized for stifling innovation.
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.