Over the weekend
In short, if a company was holding a token and its value increased within the fiscal year, the company had to pay taxes on the increased value , even if it hadn't sold the cryptocurrency . This law applied to all types of cryptocurrencies, whether self-issued by the company or not. For Japan, this is another smart public policy move that has identified a problem and built a specific, crypto-native solution.
Japan has been an early adopter of cryptocurrency rules and established regulations and standards for crypto exchanges, Advani explained, praisingthe nation’s laws regarding the segregation of customer funds on exchanges.
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