coin-img-ETHETH+2.72%coin-img-BTCBTC+2.94%coin-img-SOLSOL+2.75%coin-img-USDCUSDC+0.04%coin-img-XRPXRP+1.31%coin-img-TRXTRX+0.12%coin-img-HYPEHYPE+0.50%coin-img-OPNOPN+3.07%coin-img-ETHETH+2.72%coin-img-BTCBTC+2.94%coin-img-SOLSOL+2.75%coin-img-USDCUSDC+0.04%coin-img-XRPXRP+1.31%coin-img-TRXTRX+0.12%coin-img-HYPEHYPE+0.50%coin-img-OPNOPN+3.07%coin-img-ETHETH+2.72%coin-img-BTCBTC+2.94%coin-img-SOLSOL+2.75%coin-img-USDCUSDC+0.04%coin-img-XRPXRP+1.31%coin-img-TRXTRX+0.12%coin-img-HYPEHYPE+0.50%coin-img-OPNOPN+3.07%coin-img-ETHETH+2.72%coin-img-BTCBTC+2.94%coin-img-SOLSOL+2.75%coin-img-USDCUSDC+0.04%coin-img-XRPXRP+1.31%coin-img-TRXTRX+0.12%coin-img-HYPEHYPE+0.50%coin-img-OPNOPN+3.07%

Japan Moves to Bring Crypto Under Financial Instruments Law

Japan is pushing ahead with plans to shift oversight of cryptocurrency trading from the Fund Settlement Act to the Financial Instruments and Exchange Act, a change that would treat cryptocurrencies as financial instruments, ME News reported. Bill materials show the proposed amendment cleared the House of Representatives Committee on Finance and Financial Affairs on June 10 and must still pass remaining parliamentary steps. The proposal would also revamp taxation on crypto profits, replacing the current comprehensive income tax rate of up to 55% with a 20% capital gains tax rate, and would open the door to a regulatory framework for cryptocurrency ETFs. (Source: Foresight News)
Selected
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.