The Japanese government has decided to stimulate the development of the blockchain industry by gradually reducing the tax burden on companies working with digital currencies.
According to Bloomberg, the government has approved a reduction in requirements for issuers of tokens that are placed on exchanges.
The plan is being lobbyed by the Japan Virtual Currency Exchange Association (JVCEA). According to it, the listing of a token on trading platforms will be simplified as much as possible by the end of 2022.
At the moment, Japanese traders have access to transactions with 50 digital currencies. According to the JVCEA proposal, exchanges will be able to launch trading of tokens within 30 days from the date of application from the developers and approval from the regulators.
