Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies

Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.

• 2023-06-26
• Liberal Democratic Party capital gains tax Japan unrealized gains capital gains taxes National Tax Agency

Japan exempts cryptocurrency issuers from 30% tax on unrealized gains

Cryptocurrency issuers in Japan are now exempt from paying a 30% corporate tax on unrealized gains on tokens.

• 2023-06-26
• Fumio Kishida Japan MUFG Japanese yen unrealized gains

First Mover Asia: Bitcoin Opens the Week Above $30K Amid Rising Investor Optimism

ALSO: Ripple Asia's policy lead praises Japan’s crypto laws that favor consumer protection. Rahul Advani said that the country has created "a very clear taxonomy for digital assets."

• 2023-06-26
• Japan unrealized gains bitcoin cryptocurrency unrealized gain