Japanese Crypto Issuers Rejoice: No More Taxes on Unrealized Gains!

By Lola Coin Jun 26, 202372Views

Japan’s National Tax Agency has announced a change in tax regulations for crypto issuers in the country. According to CoinDesk, crypto issuers will no longer be required to pay the capital gains tax on unrealized gains, which previously stood at around 35%. This move is part of Japan’s efforts to support and strengthen its crypto industry, which experienced a significant number of firms exiting the market in 2021. By providing tax incentives, the country aims to attract more crypto businesses and stimulate growth in the sector. This change in the national tax code is expected to have a positive impact on the crypto industry in Japan, encouraging issuers to hold onto their own tokens and invest further in the market.

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