🚨 JUST IN: Japan’s parliament has advanced a landmark bill to reclassify cryptocurrencies as financial products.
If approved, the legislation would reduce the maximum tax rate on crypto gains from 55% to a flat 20% and introduce insider trading regulations for the crypto market for the first time.
The move is seen as a major step toward aligning Japan’s digital asset framework with traditional financial markets and could strengthen the country’s position as a global crypto hub.
BITCOIN DOESN’T NEED PERMISSION FROM WALL STREET, SAYS JACK DORSEY
Billionaire entrepreneur Jack Dorsey said that major financial institutions, including BlackRock and large banks, cannot prevent people from using Bitcoin.
According to Dorsey, Bitcoin was designed as an open and decentralized network that operates independently of traditional financial gatekeepers.
“We don’t need their permission,” Dorsey said, emphasizing that individuals remain free to transact and participate in the Bitcoin ecosystem regardless of the stance taken by major financial firms.
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