ChainCatcher News, Japan's financial regulatory agency has released a comprehensive tax reform plan for the fiscal year 2025, which includes provisions for cryptocurrency to lower its tax rate.In the tax reform request on August 30, the Financial Services Agency (FSA) of Japan emphasized cryptocurrencies, advocating for them to be treated as traditional financial assets available for public investment. The FSA stated, "Regarding the tax treatment of cryptocurrency transactions, cryptocurrencies should be regarded as financial assets and should become investment targets for the public."According to the cryptocurrency accounting firm TokenTax, profits from cryptocurrencies in Japan are currently taxed as miscellaneous income, with tax rates ranging from 15% to 55%.

ChainCatcher news, according to the Nikkei, the Japanese government will relax regulations on financing for startups. Startups will be allowed to raise funds through crypto assets (virtual currencies) in addition to stocks. The new regulations will cover funds known as Limited Partnership (LPs).

ChainCatcher news, according to official sources, the EOS Network Foundation announced that the Japan Virtual and Crypto Assets Exchange Association (JVCEA) has approved the EOS token for whitelisting. EOS will start trading on BitTrade in mid-September.

ChainCatcher news, according to Coinpost, Japanese Prime Minister Fumio Kishida delivered a video speech at the global conference WebX. When discussing Kishida's government's "new capitalism," he emphasized "using the resolution of social issues as an engine for growth." He stated that Web3 has the potential to change the traditional framework of the internet and trigger social transformation, and the government is working to improve the environment for promoting Web3. He hopes that the Web3 industry can regain attention and vitality, leading to the emergence of various new projects.

According to ChainCatcher, the Japanese cryptocurrency exchange regulatory body has notified its member companies that new rules to relax the token listing screening process will take effect immediately, allowing exchanges to list tokens without undergoing a lengthy pre-screening process, unless the tokens are newly emerged in the Japanese market.ChainCatcher previously reported that Japan plans to further relax cryptocurrency regulatory rules by simplifying the token listing screening process for cryptocurrency exchanges in October this year, with the rules expected to take effect in December. Additionally, Japan may further ease the requirements for listing tokens issued through ICOs and IEOs in March 2024. (Source link)