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🚨 JAPAN'S CRYPTO REFORM: 55% TO 20% TAX
🇯🇵 Japan is changing its crypto laws! Now, it will no longer be treated as "Miscellaneous Income" but as a "Financial Product" just like stocks.
• FLAT 20% TAX: The maximum tax, which was 55%, will now be reduced to just 20%.
• LOSS CARRY FORWARD: You will be able to offset losses against future profits for up to 3 years.
• STOCK TREATMENT: $BTC, $ETH, and 105 approved tokens will be granted the status of Financial Assets.
The Goal: To make Japan a global Web3 hub.
Should India also learn from Japan and reduce its 30% tax?