Japan crypto regulation – DIGIT INFO

Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight

DIGIT — Thu, 19 Jan 2023 02:30:17 +0000

Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal controls, and the absence of regulation and supervision.” Bank-Level Cryptocurrency Regulations Japan’s […]

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Japan set to ease 30% crypto tax on paper profits for token issuers

DIGIT — Fri, 16 Dec 2022 05:49:48 +0000

As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale.

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Japan’s crypto self-regulation ‘experiment’ not working

DIGIT — Wed, 20 Jul 2022 03:11:59 +0000

Self-reg entity JVCEA has reportedly received stern warnings to get its act together, as Japan’s Financial Services Agency pushes for the organization to speed up its AML regulation rollout.

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New Japanese law may allow seizure of stolen crypto

DIGIT — Tue, 07 Jun 2022 06:04:54 +0000

Under the current variation of the law, there is no explicit procedure outlined for law enforcement officers to seize illegally obtained crypto from crime organizations.

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