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Japan Blockchain Association Proposes Cryptocurrency Tax Reform to Government

The Japan Blockchain Association (JBA), headed by bitFlyer CEO Yuzo Kano, has put forth a proposal to the Japanese government for a revision of the existing cryptocurrency tax laws. The proposed changes aim to foster a conducive environment for citizens to hold and use cryptocurrencies, thereby promoting the growth of Web3 (decentralized web) businesses in Japan.

Merritt Vale - July 29, 2023

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