Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market

Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of disclosing taxable amounts that occur in investing in the crypto market. Prior to that, a local analyst said: “If the rapid growth of the cryptocurrency sector in late 2017…

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Crypto Bear Market May Get Worse, Bitcoin Fundamentally Unsupported

Crypto Bear Market May Get Worse, Bitcoin Fundamentally Unsupported Crypto Market Slows After Imbroglio Although selling pressure eased off crypto markets over the weekend, Bitcoin (BTC) and altcoins are still in the midst of stormy seas. BTC has found itself stagnant at $3,375, seemingly caught in an inflection point between a short-term bounce and lower lows. As this market’s leading asset has slowed, so has the market capitalization of all cryptocurrencies in circulating. This pertinent figure has moved to $111 billion, just three billion down from Ethereum World News’ Friday update. Interestingly,…

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