Japan: High-Income Traders discloses crypto profits

Crypto Exchange Market Trade News

Since the implementation of tax charges towards cryptocurrency, the Japanese tax authority revealed the high-income taxpayers declared cryptocurrency profits for the first time. Jiji Press reported, “The number of taxpayers with miscellaneous incomes of 100 million yen and over from sources other than public pensions jumped from the previous year’s 238 to 549,” and 331 generated income from crypto transactions.

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