The Japanese government is planning to reduce the maximum tax rate on crypto from 55% to 20%. The change is aimed at addressing investor concerns and simplifying the taxation of digital currencies in Japan.
“Regarding the tax treatment of cryptocurrency transactions, it should be treated as a financial asset that can be an investment target for the public,” the Japanese government wrote in its announcement. #tax #news_update #newsdaily $BTC
Analyst: 5 Impacts of US Interest Rate Cuts on the Crypto Market
<t-32/>#thefed $BTC #RateCutExpectations The United States' economic policies have a significant impact on various sectors of the global economy, including the crypto market. One policy that is often watched by investors is the Federal Reserve's (The Fed) decision on interest rates, including what is often referred to as a "rate cut." A red cut, or a reduction in the benchmark interest rate by the Fed, can affect the crypto market in different ways. Here are some of the main impacts that are often observed: