Japan
Japan Abolishes Corporate Tax On Unrealized Crypto Profits
The Japanese government has approved a tax reform that will provide favorable conditions for companies holding cryptocurrencies. An amendment to fiscal 2024 taxation laws will exempt companies from paying tax on “unrealized gains” on third-party digital tokens like Bitcoin (BTC). According to local reports, Japan’s government disclosed the new tax reform on December 22 following […]
Japan Embraces USDC and Web3 in Milestone Agreement with Circle
In a significant move, Circle and SBI Holdings have joined forces to introduce USDC and Web3 services in Japan. The agreement, sealed on Nov. 27 through a memorandum of understanding, hinges on SBI Holdings registering as an electronic payment instruments service provider in the country. Circle and SBI Holdings are joining forces to boost $USDC […]
Japan’s Osaka Digital Exchange To Start Digital Securities Trading On Dec. 25
Osaka Digital Exchange (ODX) plans to launch Japan’s first digital securities trading platform, “START,” on December 25, according to Bloomberg. This initiative caters to individuals looking for alternative assets that could potentially yield higher returns. As part of the launch, real estate firm Ichigo Owners plans to offer about ¥3 billion (about $20 million) worth of […]