On September 25th, Japan's Financial Services Agency discussed providing enterprises with a more convenient mechanism for processing cryptoassets (virtual currencies) at a panel meeting on the revision of its fund settlement law. Participants believed that reducing the burden on enterprises will promote the participation of large domestic gaming companies and promote the research and development of related blockchain ecosystems. The meeting also mentioned that with the expansion of the virtual currency market, discussions on exchange supervision and new regulations have become more frequent.
The leader of the Liberal Democratic Party's Web3 project group, MP Ping Jong-ming, pointed out that the unoptimized tax issue poses a barrier to the establishment of start-ups, leading to the flow of talented people and enterprises overseas.
The FSA stressed that the issue of direct assessment taxation of spontaneous tokens has been resolved through tax reform, but it still faces audit challenges for non-mainstream tokens.
The Japanese Financial Services Agency discussed the issue of promoting the handling of in-game virtual currencies
2024-09-25 08:08:22
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