Japan exempts token issuers from crypto tax on unrealized gains and considers global stablecoin launch.
Originally Published 2 years ago — by Cointelegraph
Token issuers in Japan are now exempt from paying corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency. The tax exemption goes into effect nearly six months after the Japanese government approved a proposal eliminating the requirement for crypto firms to pay taxes on paper gains on tokens they issued and held. The ruling Liberal Democratic Party expects to make it “easier for various companies to do business that involves issuing tokens.”
