Ripple Asia’s policy lead, Rahul Advani, commends Japan’s crypto laws for prioritizing consumer protection and creating a clear taxonomy for digital assets. Bitcoin’s price staying above $30K may lead to further gains, according to an analyst. Japan’s recent amendment to exclude unrealized gains of self-issued cryptocurrency from taxation is seen as a positive move for crypto startups. The country’s regulatory adaptability has garnered praise from stakeholders. Bitcoin and ether continue to perform well, with BTC breaking through the $30K resistance. Analysts expect continued growth but foresee volatility in the coming weeks. The SEC has not yet announced a decision on bitcoin ETFs. Japan’s tax law amendment is a relief for crypto startups, as it exempts them from paying taxes on unrealized gains of self-issued cryptocurrency. This policy supports a dynamic environment for entrepreneurship. In contrast, the US lacks specific rules regarding taxing tokens issued by crypto companies. Japan’s regulations on crypto exchanges, such as the segregation of customer funds, have been praised for their consumer protection measures. Meanwhile, FC Barcelona collaborates with World of Women for an upcoming NFT release, and Coinbase loses market share in ETH staking amid regulatory pressure.
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