Taxation
Japan's government has backed a proposal to impose a flat 20% tax on cryptocurrency gains, aligning crypto with investment trusts and stocks. The move aims to simplify tax treatment and could lower effective taxes for some investors, though it still needs parliamentary approval.
Brazil is considering taxing cryptocurrencies used for international payments to close a loophole in its foreign-exchange tax, two officials told Reuters. The move could reshape remittance flows and affect exchanges and payment providers if implemented.
The Trump administration has released a comprehensive 160-page report advocating for extensive cryptocurrency adoption in the U.S. economy, highlighting key areas such as taxation, banking, and cybersecurity. This initiative aims to provide clearer regulations and encourage innovation across multiple sectors.