Japan Scraps Crypto Taxes

One of the largest fights regarding the legal and the accounting side of the cryptos are how they are taxed and how it should be done.

In many countries around the world, any taxation for cryptos is being done when is denominated in another valid currency, like US Dollar or Euro.

In Japan, where the framework is much stricter for individuals and companies, the taxation was based on the crypto itself.

This means practically that any surge in the Bitcoin price (or any other crypto) would bring more taxes for the holders in their deposits.

This changed this week as Japanese companies will pay taxes for their cryptos, only when they would sell the respective crypto asset.

Every day, we observe more and more countries to put cryptos in their daily agenda and promote them………..

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