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Japan passes bill recognizing crypto as financial product and lowering tax rate
2 sourcesFirst reported 7 days agoUpdated 6 days ago
Center 100%
2 center
Coverage is primarily from centrist outlets (100%). When a story is mostly covered by the center, it is typically treated as a factual news item rather than an ideologically charged one.
What all sources covered
- Japan has passed legislation recognizing cryptocurrency as a financial product.
- The new law reclassifies crypto assets, allowing for regulatory frameworks suited to investment products.
- Amendments to the taxation framework will lower the tax rate on crypto from the current maximum of 55% to approximately 20%.
- Lawmakers indicated that cryptocurrency has evolved beyond its initial role as merely a payment method.
2 sources
Who reported first
The BlockFirst
CoinDesk+2h
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