Bitcoin News Today TheBitTimes.com

Japan’s Financial Services Agency (FSA) will push for taxes on crypto to be slashed as it moves to make the industry more competitive. Under a proposal by the regulator that was reported by Nikkei, taxes on crypto would move into a separate bracket with a flat 20% rate. I ncome from crypto is now treated as “miscellaneous income” and there is a progressive tax rate of up to 55%, excluding local taxes. The change would align crypto with the way listed stocks are taxed. A review is scheduled for the end of the month and industry groups are also pushing for a three-year loss carry-forward that would help reduce volatility in annual tax treatment. Japan To Make It Easier To Launch Crypto ETFs The change would ease one of the heaviest burdens on Japan’s crypto firms and reduce pressure on them to shift activity to crypto-friendlier overseas markets. The FSA has also submitted a proposal that would make it easier for firms to launch domestic crypto ETFs (exchange-...

BlackRock & Vanguard antitrust concerns have escalated dramatically as the asset management giants controlling over $27 trillion face a high-stakes Texas lawsuit right now. State Street collusion allegations and growing regulatory uncertainty are creating significant market volatility, and also, cryptocurrency markets are experiencing turbulence amid intensifying United States news coverage of the federal investigation. FTC official statement document – Source: FTC Also Read: Elon Musk’s xAI Taps Morgan Stanley for $5B Debt Amid Trump Feud Regulatory Uncertainty Grows as BlackRock, Vanguard & State Street Face Collusion Claims Source: The Guardian The BlackRock & Vanguard antitrust case reached the Federal Court as lawyers argued for dismissal of claims that the firms coordinated to suppress coal production. State Street collusion allegations center on whether the asset managers used their massive holdings to influence corporate decisions, and this is creating unprecedente...