Japan’s Crypto Reform Could Reshape Bitcoin Market Structure – Here’s Why
The Bitcoin market could be facing another crucial event that would bolster its long-term integrity. This is highlighted in a recent evaluation of Japan’s Financial Instruments and Exchange Act (FIEA) reforms, which suggests a major impact on Bitcoin may come not from an increase in investor count, but from how its participant base evolves. Related […]
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The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years. The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that calls for lowering taxes for individual investors on crypto earnings. The fiscal 2023 tax reform request addressed key issues that the advocacy groups believe act as a hindrance to crypto adoption in the country. The proposal focused on the need....
If there’s one thing this summer’s DeFi boom taught us, it’s that the Ethereum gas fee structure needs reform. Although things have calmed down since the summer, rip off fees, and stuck transactions are still a problem for Ethereum users. So much so, a failure to address the problem will only give rival blockchains an […]
Nigel Farage, a British politician and leader of Reform UK, a right-wing political party has outlined a crypto-friendly comprehensive plan to position the United Kingdom as a global leader in digital finance should his Reform party win the next general election. Speaking at the Bitcoin 2025 conference in Las Vegas, the Reform leader announced plans […]
Earlier today, Congressman Stockman (TX-36) announced on his website in a press release that he plans to introduce the "Virtual Currency Tax Reform Act." I wish he had taken it a step further and called it the "Digital Currency Tax Reform Act," but one can only have so many wins in a day. This piece of legislation, if enacted, would revise the IRS Virtual Currency Guidance released very late last month. Instead of treating virtual currencies such as Bitcoin as property, the Virtual Currency Tax Reform Act will call for their treatment as currency. The exact text of the proposed legislation....
According to Fumio Kishida, the government of Japan's investment in digital transformation included issuing NFTs to local authorities using digital solutions. Fumio Kishida, the prime minister of Japan since 2021, has said the government will be making efforts to promote Web3 services, including those dealing with nonfungible tokens, or NFTs, and the Metaverse.In an Oct. 3 speech before Japan’s National Diet, Kishida said the government’s investment in the country’s digital transformation already included issuing NFTs to local authorities using digital technology to solve challenges in....