Japan’s Regulator Proposes Lower Crypto Tax Plan In Support Of Prime Minister Fumio Kishida’s ‘New Capitalism’ Economy

In support of Japan Prime Minister Fumio Kishida’s initiatives to revive the economy, the country’s finance regulator has advocated loosening corporate tax regulations for crypto assets as well as lower levies for individual stock investors, Bloomberg reported on Wednesday. What Happened: The proposal would exclude businesses from paying taxes on any paper gains made on cryptocurrencies they hold after issuing them.