Investigating Digital Assets in Japan Stymied by Nature of Crypto
Cointelegraph
Published Apr 06, 2020 10:02PM ET
Updated Apr 06, 2020 11:40PM ET
According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas.
In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan Innovation Party pointed out the importance of market research for the introduction of separate taxes for crypto currencies.
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Written By: Cointelegraph
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