Japan Crypto Crackdown Reversal! Unleashing Web3 with Unrealized Gains Tax Cut

Good news, crypto fans!Japan’s cabinet just proposed scrapping corporate taxes on unrealized crypto gains, a major boost for Web3.

This means companies can invest in crypto without immediate tax burdens, potentially fueling innovation and growth.

Here’s the deal:

Current system: Companies taxed on the paper value of crypto holdings, even if they haven’t sold.

New proposal: No more taxes on unrealized crypto gains! Companies free to invest and grow.

Why it matters:

Signals Japan’s embracing crypto and Web3.

Could encourage other countries to follow suit.

Boosts Web3 industry, potentially leading to new opportunities for everyone.

Stay tuned, the future of crypto in Japan is looking bright! #Japan #Bullrun_NewYear2024 #NewSignal #newscrypto