CORRECTION: Japan's National Tax Agency NTA_Japan has clarified that crypto issuers in the country will not have to pay taxes on unrealized gains from holding their own tokens. By amitoj
The partial revision noted in the June 20 document is a change from an earlier requirement that subjected token issuers toThe tax exemption will also apply to unrealized gains from holding applicable cryptocurrency continuously from the date of issuance
or from taking certain technical measures to prevent its transfer to other persons, the document said., including for crypto gains to be taxed at the same rate as stocks and for individuals to be taxed only when crypto gains are converted to fiat currency.
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