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japan gets strict on crypto with a 20% tax slap and compliance shake-up 🇯🇵 crypto banking is in for a wild
Problem: Japan’s new 20% tax on crypto gains and classification as financial products may disrupt the crypto banking landscape, impacting compliance requirements.
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Japan is changing crypto regulations with a 20% flat tax on gains, classifying crypto as financial products 🇯🇵 This move may impact crypto banking with additional compliance requirements. The tax simplifies things for small businesses, but long-term effects and sustainability are questioned.
The Financial Services Agency now requires exchanges to disclose detailed information about cryptocurrencies to protect investors. Compliance is crucial for businesses to adopt best practices in crypto cash management 📊.
Japanese Crypto Regulations: 20% Tax and Compliance Overhaul
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