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Japanese Government and Ruling Party Consider Separate Taxation for Crypto Assets

According to NHK, Japan’s government and ruling coalition have begun discussions on introducing a separate taxation framework for cryptocurrency holdings.

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Terms & Concepts
  • Separate Taxation: A tax system where specific types of income, such as gains from cryptocurrency, are taxed independently from other income sources.
  • Crypto Assets: Digital assets that use cryptography and blockchain technology, such as cryptocurrencies and certain tokens.
  • Ruling Party: The political party or coalition currently in power, guiding legislative and policy initiatives.