Japan May Introduce a Single Cryptocurrency Tax

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The Japanese government is considering to abandon the progressive tax rate for crypto traders. If this happens, the taxes will decrease from 55% to 20%, which will make the lives of crypto traders much easier. The country uses a single tax for trading in securities or shares, which is 20.315%, 15.325% of which goes to the country budget, and 5% – to the municipal budget. The decision on crypto tax has not been made yet, but the Japanese obviously hope for the best.

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