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Japan plans to classify crypto as financial products under insider trading laws and cut taxes on profits, with new disclosure rules for 105 listed assets.
The post Japan To Bring Crypto Under Insider Trading Rules, Cut Tax Burden: Report appeared first on Cryptonews.

Bitcoin price failed to recover above $96,500. BTC is down over 3% and there are chances of more downsides below $92,000. Bitcoin started a fresh decline below $95,000 and $94,500. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $96,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $92,500 zone. Bitcoin Price Dips Further Bitcoin price failed to stay in a positive zone above the $95,500 pivot level. BTC bears remained active below $95,500 and pushed the price lower. The bears gained strength and were able to push the price below the $94,000 zone. A low was formed at $92,890 and the price is now consolida...

Upbit operator Dunamu posted $165 million in Q3 net income, driven by a market rebound and stronger investor confidence following new US crypto legislation.

Japan’s FSA plans to reclassify crypto as financial products, enforce new disclosure and insider trading rules, and cut the crypto tax rate from 55% to a flat 20%.

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