TechFlow reports that Japan's National Tax Agency has issued a notice reiterating clarification on the taxation of crypto issuers holding their own tokens. According to the notice, token issuers will no longer be required to pay approximately 35% capital gains tax on unrealized gains.
This tax exemption applies to unrealized gains arising from holding eligible cryptocurrencies continuously since issuance or implementing certain technical measures to prevent their transfer to others.
In addition, Japanese industry associations are seeking further tax reforms, including taxing crypto gains at the same rate as stock gains and taxing individuals only when crypto gains are converted into fiat currency.
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