according toBloombergaccording to
BloombergAccording to news, the Japanese digital currency exchange coincheck, which suffered the worlds largest theft in January, is planning to come back a few days ago.
It will obtain an official license from Japan next month, and at the same time, it also stated that it plans to enter the United States, but refused to provide a specific timetable.
In his opinion,“Japan seems to be one step ahead in crypto, but the U.S. and Europe are moving ahead in terms of deciding what is a security or a token, and attracting institutional investors,” Matsumoto said.In his opinion,
Digital currency tax breaks and advantages in attracting institutional money managers
, so that Western countries are forming an environment conducive to cryptocurrency transactions. Japans high tax of 55% makes cryptocurrency a plaything for Japanese investors, not a part of their investment portfolio.In contrast, in April, the French Council of State decided to change the classification of capital gains from cryptocurrencies, reducing the tax rate from as high as 45 percent to a flat rate of 19 percent.
Although Japan legalized digital currency trading last year, the country has yet to start formal discussions on amending its securities laws to allow digital currency-related products such as futures and exchange-traded funds. Takuya Hirai, a member of the ruling Liberal Democratic Party (LDP), told Bloomberg in late January that,
The government currently has no plans to reduce the tax rate.
Although for the United States, its tax environment is not easy. In late February, U.S. President Donald Trump signed one of the most controversial tax overhauls ever. The Act stipulates:Citizens who hold cryptocurrencies for less than a year must pay a fixed income tax ranging from 10% to 37%, depending on income level. But for holders of more than one year, there is a long-term capital gains tax, which is capped at 24%.
But Matsumoto also said that the U.S. governments decision on whether to classify digital currencies such as ethereum and Ripple as securities, commodities or other things will be controlled by the U.S. government."Make regulations more transparent and attract more cryptocurrency investors, even if this will lead to stricter regulations and short-term sell-offs."
he thinks:
Matsumotos bet is not without merit. Since Monex completed the full acquisition of virtual currency exchange Coincheck, market expectations for its revenue increase in new areas have been rising.
(I am Aloe Vera, a reporter from Odaily. To explore the real blockchain, please add WeChat 1012387983 for breaking news and communication. Please note your name, unit, position and reason.)
