Japanese politician proposes relaxing crypto laws to boost adoption-5.81

Japanese lawmaker Takeshi Fujimaki has proposed four crypto tax-reforms “to promote the wider [spread] of virtual currency into society.”  The opposition-party politician, who has been a vocal advocate for reforms in the space, recommended putting crypto laws closer in line with taxes on stocks and mutual funds. He proposes:

Fujimaki said he hoped the reforms would make filing taxes on crypto less “cumbersome” and would “increase the volume of transactions between virtual currencies and [] revitalize the virtual currency market.” He is not alone, with Japan’s Tax Commision also exploring ways to ensure crypto gains are more accurately reported. (Source: Coindesk)

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