Japan Eyes Tax Breaks for Companies Holding Cryptocurrency
Japan's ruling coalition has proposed a tax code amendment that would exempt companies from paying tax on unrealised cryptocurrency gains if they hold on to the digital assets.
JoyJapan's ruling coalition has proposed a tax code amendment that would exempt companies from paying tax on unrealised cryptocurrency gains if they hold on to the digital assets.
JoyARAX Holdings' acquisition of The Nemesis signifies a strategic leap into the evolving metaverse landscape. The collaboration is poised to redefine digital interactions, offering potential economic benefits and expanding ARAX's influence within the digital asset management domain.
Cheng YuanBrazil has approved new income tax rules that may impose up to a 15% tax on cryptocurrency income from foreign exchanges for its citizens. Effective from January 1, 2024, the legislation aligns the tax rate for foreign-held crypto with domestic income. The bill targets individuals earning over $1,200 on non-Brazilian exchanges, with different tax rates based on access dates. It also extends to "exclusive funds" and foreign companies in the Brazilian financial market. Despite Senate approval, there is internal opposition to the tax, reflecting ongoing debates. The move is part of broader regulatory efforts, with the central bank gaining control over virtual asset service providers and increased scrutiny on crypto-based securities.
Huang BoSC Ventures and SBI Holdings form a $100 million crypto investment initiative, signalling their active involvement in decentralised finance, tokenisation, and the metaverse.
Hui XinAlready, significant contributors to this fund include Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and the Daiwa Securities Group, committing a total investment exceeding 50 billion yen.
BrianThe debate surrounding Arbitrum’s failed keystone improvement proposal and its subsequent scrapping, caused the price of its governance token to decline.
TheBlockAccording to Glassnode data, as of this writing, the price of Bitcoin is just over $21,000, which means that about 45% of Bitcoin holders have "paper losses."
CointelegraphStaking is complicated, but learning the truth behind these four myths will help to increase liquid staking mass adoption.
CointelegraphCrypto-specialist recruiters say they have not witnessed a downturn in crypto-related job opportunities, despite a myriad of staff lay-offs in the wider tech industry.
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