EOS rallies 9% following landmark regulatory approval in Japan
The EOS token reacted positively to the news of the approval, rising by 9%.
News on licensing, investor protection, CBDC research, and Japan’s maturing crypto markets.
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The central bankers were vocal about the need for further rate hikes to bring inflation down to the 2% target, despite the risk of economic downturn.
Allaire said that the developments in Hong Kong might reflect how the crypto market grows in Greater China.
The tax break is welcome news for Japan's crypto firms, who still have to pay taxes on paper gains for tokens issued by other firms.
The exchanges argue that the move would make Japan more attractive for crypto and blockchain companies.