In the official and legal statement from the
Japan government, it has been officially announced that cryptocurrencies will be recognized as crypto assets in the country from now on, and that the term “crypto asset” can be used instead of crypto currency in legal statements. The fact that Bitcoin and different cryptocurrencies will be designated as “assets” in the country from now on has been evaluated as a move that may cause higher taxes to be taken from cryptocurrencies in terms of tax and legal income tax in the country in the future.
Bitcoin” It is stated that the aim of the Japanese government, which will see it as a “crypto money asset”, is to collect crypto money under a single name in the country in the legal and jurisdiction in the future and to be expressed as a whole.
Is Bitcoin Now an Asset?
Japan has not yet added the term “crypto-asset” to the law and will soon add the phrase with that name to laws in cryptocurrency cases across all jurisdictions. After this step that Japan will take on cryptocurrencies, as cryptocurrencies and Bitcoin will be seen as an asset in the country, time will determine what will happen in the future.