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Author Topic: Japanese financial regulator considers imposing stricter crypto rules  (Read 235 times)
kawetsriyanto
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September 03, 2021, 07:58:27 PM
 #21

What they do is to make a better regulation for Japanese investors, so the investors will be safer in crypto investment. I don't see any bad news to crypto industry there, it is a positive action planned by Japan’s financial regulator. However, it is still a plan, there is no detail related to what exactly they will do to renew the regulation yet. For now, I think it is better to wait for an update / further announcement from FSA.


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Wind_FURY
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September 04, 2021, 09:06:42 AM
 #22

Stricter on whom? On the crypto related business or on the consumers? Japan has imposed 55% tax on crypto gains already since 2019. What could be more stricter for the consumers?

Not "consumers" but "traders". The tax is also targeting the profit that the traders are making from trading cryptocurrencies, some of which is massive amount of profit which paying a high tax on it won't even bother the profit maker.

Other than that Japan has 0% tax on bitcoin payments. In other words a merchant or a customer who are using bitcoin for payment pay no taxes whatsoever while they have to pay taxes if they accept fiat.


GOOD LAW. Haha. Many plebs like us should stop “trading”, and start encouraging each other to buy and HODL. Those active trading plebs should accept the fact that they will only lose their Bitcoins to the 10% of winning traders.

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