The Japanese regulator suggests to cancel tax on "unrealized profit" on Cryptocurrency

The main financial regulator Japan, Agency financial services Japan, decided to take regulation of Cryptocurrency in the hands, having suggested to change the tax code concerning digital assets. According to messages of local mass media, FSA gave inquiry on August 31. The most remarkable offer in the 16-page document is the offer to release domestic-owned firms from taxes on "unrealized profit" on Cryptocurrency in the end of the year. In some national laws legal entities have to pay taxes only after sales cryptoassets for fiatny money, but to Japan they are assessed with tax on...