Japan's financial regulators propose tax cuts for cryptocurrency investors

Chain Catcher News, in support of Prime Minister Fumio Kishida's efforts to revitalize the economy, Japan's financial regulators have proposed easing corporate tax regulations on crypto assets and imposing more lenient taxes on individual stock investors. Among the announcements, the financial regulators stated that they would propose in their annual tax law change requests that companies should be exempt from taxes on the book profits of their held cryptocurrencies after issuing them. Additionally, the regulators are also calling for a plan to provide tax relief for individual investors. (Bloomberg)