Japan’s National Tax Agency has revised its corporate tax guidelines, introducing new rules for digital token issuers. The new tax rules eliminate taxes on unrealized gains from crypto assets issued by companies, making it easier for cryptocurrency-related firms to operate in Japan. This move has been welcomed by the crypto community and is seen as a step forward in improving the business environment for crypto companies. To qualify for tax exemptions, tokens must be issued by the company and held continuously from the time of issuance, with transfer restrictions in place. Japan, which was one of the first countries to legalize and regulate cryptocurrencies, remains a popular destination for businesses. However, Hong Kong and Singapore have become friendlier nations for crypto due to their own regulations and digital welcome mats. Meanwhile, in the US, legal action is being taken against companies for failing to register as securities exchanges.
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