Japan is taking the Mt. Gox collapse seriously and is already looking into measures to address the digital currency conundrum – one of which is to levy taxes on bitcoin transactions.
According to the Yonimuri Shimbun newspaper, Japan’s ministry of finance and the national tax agency are studying “possible rules” that could govern digital currency transactions.
It appears that Japanese authorities think purchases made with digital currencies could be subject to existing consumption and corporate taxes.
March 04, 2014 at 11:00AM
