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Japan's ruling party moves to slash crypto capital gains taxes to 20%

Regulatory Framework: Japan's Crypto-Friendly Policies Japan has been at the forefront of crypto regulations, being one of the first countries to recognize and legalize Bitcoin as a form of payment in 2017. This move, along with other crypto-friendly policies, has propelled Japan to become one of the leading countries in the crypto market. With the increasing popularity and adoption of cryptocurrencies, Japan's Liberal Democratic Party has taken a proactive approach towards regulating the industry. This includes implementing strict rules to prevent money laundering and protect investors, as well as recognizing and licensing exchanges to operate in the country. This regulatory framework has not only provided a safe and secure environment for crypto companies to operate in, but also instilled trust and confidence in the market. The Rise of Crypto in Japan Japan has always been at the forefront of technological advancements, and it...