Friday, June 9, 2023
99newser
  • Home
  • World News
  • Celebrity News
  • Taxi Rides
  • Online Jobs
  • Health News Updates
No Result
View All Result
99newser
  • Home
  • World News
  • Celebrity News
  • Taxi Rides
  • Online Jobs
  • Health News Updates
No Result
View All Result
99newser
No Result
View All Result

Today in Crypto: Japanese Crypto Seeks Tax Cuts

Editorial Team by Editorial Team
July 28, 2022
in Uncategorized
0
Today in Crypto: Japanese Crypto Seeks Tax Cuts
587
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

13 Best Denim Jackets for Women That are Chic And Trendy – PINKVILLA

Maya Jama is a noughties dream in zesty dress with lace detail – HELLO!

Fact check: Seven of Trump’s false or unsupported claims on the documents investigation – CNN

Japanese crypto lobbying groups will ask the government to ease up on corporate tax rules they say are stunting growth for the industry, Bloomberg reported Wednesday (July 27).

The Japan Cryptoasset Business Association and the Japan Virtual and Cryptoassets Exchange Association have a proposal to make it cheaper for companies to issue and hold crypto tokens.

They’ll submit it to the Financial Services Agency in the country, asking the government to stop taxing paper gains on crypto holdings if firms own them for reasons aside from short-term trades.

As it is now, the profit from crypto holdings, unrealized gains included, incurs a corporate tax of around 30%, which can make it costly for companies to keep digital coins once they’re issued.

The requests from the crypto industry, the report said, will end up testing how committed Prime Minister Fumio Kishida’s government is to developing Web3 in Japan. This comes as high taxes have driven some Japanese companies to move to Singapore.

In other news, the U.S. Securities and Exchange Commission (SEC) is looking into digital currencies listed on Coinbase, causing concerns that there could be a “major crackdown” coming, Bloomberg reported.

It comes as the SEC has been investigating whether Coinbase evaded regulations in offering trading for some currencies.

Digital assets have been having a rough week, and concern that the SEC is looking into crypto trading has only made things worse.

The report said anxiety was only heightened when the SEC identified some crypto assets which it said were securities, as part of an insider trading case. The agency saying that nine tokens fall under its jurisdiction has drawn criticism from the Commodity Futures Trading Commission, which also oversees crypto in the U.S.

An SEC lawsuit filed July 21 against a former Coinbase manager accuses him and two others of insider trading. Federal prosecutors in Manhattan have also charged the three men.

For all PYMNTS crypto coverage, subscribe to the daily Crypto Newsletter.

——————————

NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPS

About: The findings in PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed the responses from 9,904 consumers in Australia, Germany, the U.K. and the U.S. and showed strong demand for a single multifunctional super apps rather than using dozens of individuals ones.

Source link

Previous Post

Still fighting COVID-19, Montgomery Co. now positions itself to fend off monkeypox

Next Post

10 Best Scrunchies to Dress-up and Protect Your Hair in 2022

Editorial Team

Editorial Team

Related Posts

TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

13 Best Denim Jackets for Women That are Chic And Trendy – PINKVILLA

by Editorial Team
June 9, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Maya Jama is a noughties dream in zesty dress with lace detail – HELLO!

by Editorial Team
June 9, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Fact check: Seven of Trump’s false or unsupported claims on the documents investigation – CNN

by Editorial Team
June 9, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

10 Ways To Make Money Online Through Social Media Platform – TechJuice

by Editorial Team
June 9, 2023
Fishing the Panama Canal is kind of weird | Hatch Magazine

Fishing the Panama Canal is kind of weird | Hatch Magazine

by Editorial Team
June 9, 2023
Next Post

10 Best Scrunchies to Dress-up and Protect Your Hair in 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Fairfield County reported 349 additional COVID-19 cases this week

Fairfield County reported 349 additional COVID-19 cases this week

August 9, 2022
Ukraine war: Soledar devastation revealed in satellite images – BBC

Ukraine war: Soledar devastation revealed in satellite images – BBC

January 12, 2023

Categories

  • Celebrity News
  • Health News Updates
  • Latest Sport News
  • Stock Market News
  • World News

Don't miss it

TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

13 Best Denim Jackets for Women That are Chic And Trendy – PINKVILLA

June 9, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Maya Jama is a noughties dream in zesty dress with lace detail – HELLO!

June 9, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Fact check: Seven of Trump’s false or unsupported claims on the documents investigation – CNN

June 9, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

10 Ways To Make Money Online Through Social Media Platform – TechJuice

June 9, 2023
Fishing the Panama Canal is kind of weird | Hatch Magazine

Fishing the Panama Canal is kind of weird | Hatch Magazine

June 9, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Meet Türkiye's environmental and outdoors influencers | Daily Sabah – Daily Sabah

June 9, 2023

Recent News

TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

13 Best Denim Jackets for Women That are Chic And Trendy – PINKVILLA

June 9, 2023
TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals – ICIS

Maya Jama is a noughties dream in zesty dress with lace detail – HELLO!

June 9, 2023
  • Home
  • World News
  • Celebrity News
  • Taxi Rides
  • Online Jobs
  • Health News Updates

© 2020 99newser.com

No Result
View All Result
  • Home
  • World News
  • Celebrity News
  • Taxi Rides
  • Online Jobs
  • Health News Updates

© 2020 99newser.com