Japan is Easing Corporate Tax for Crypto Holdings
The governing party in Japan accepted a proposal to protect companies from reimbursing levies for paper gains on crypto coins that they retain after issuing them
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The deadline has been extended by three months, and March 9, 2023, is the new deadline.
North Korea’s Lazarus Group Phishing for crypto in the country, says Japan Police
Japan's NPA and FSA have urged crypto firms to be vigilant of "phishing" attacks by the Lazarus Group.
Japan Will Overhaul its Corporate Crypto Tax Laws Starting 2023
Key Takeaways: Japan’s Financial Services Agency and Ministry of Economy, Trade, and Industry will examine the corporate taxation strategy for crypto assets. The new rules are designed to make compliance with regulations easier for recently established enterprises in the sector.…
Japan Reviews Legislation to Seize Illicit Crypto Assets
Key Takeaways The Japanese Justice Ministry is reportedly considering reworking an asset seizure law to provide a provision allowing crypto assets to be seized in cases of organised crime. A possible revision to the Act on the Punishment of Organized…
Japan will modify its foreign exchange laws to address a provision that allows Russia to avoid sanctions.
Key Takeaways: Top government officials stated on Monday that Japan will alter its foreign exchange rules to prevent Russia from dodging Western financial sanctions by using digital assets following Moscow’s invasion of Ukraine. According to Chief Cabinet Secretary Hirokazu Matsuno,…
Japan Urges Crypto Exchanges to comply with Russian sanctions
Following G7 pledges to tighten crypto sanctions, Japan’s Financial Services Agency and Ministry of Finance jointly announced penalties on cryptocurrency exchanges. The penalty on the crypto exchange will not comply with sanctions imposed on Russia. It will be due to…