Japan upper house committee approved reclassifying crypto under the FIEA, the same law that governs stocks and bonds, moving it out of the payment services act. the full floor vote is still coming but with the LDP controlling both chambers it's expected to pass easily cabinet approved the draft in april, lower house passed it in june, and now this and once in effect, crypto tax drops from a progressive rate topping out near 55% to a flat 20%, though that piece runs on a separate timeline and doe
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