Japan cuts crypto tax to 20% for reforms
Japan plans to reduce its cryptocurrency tax rate from as high as 55% to a flat 20.315% as regulators pursue broader reforms aimed at strengthening the country’s competitiveness in digital assets.
Japan plans to reduce its cryptocurrency tax rate from as high as 55% to a flat 20.315% as regulators pursue broader reforms aimed at strengthening the country’s competitiveness in digital assets.
US Representatives Nick Begich and Jared Golden introduced legislation proposing a US Strategic Bitcoin Reserve capable of holding up to 1 million Bitcoin under federal custody.
A petition seeking to scrap South Korea’s planned 22% crypto investment gains tax reached the 50,000-signature threshold required for review by the country’s Finance and Economic Planning Committee.
The Commodity Futures Trading Commission signed a memorandum of understanding with the National Hockey League to oversee sports-related prediction markets and combat insider trading and fraud.
Kraken moved closer to launching operations in the United Arab Emirates after parent company Payward received preliminary approval from Dubai’s Virtual Assets Regulatory Authority.
The Blockchain Leadership Fund, a crypto-backed political action committee launched by Anchorage Digital and Chainlink Labs, endorsed 10 candidates for the 2026 US midterm elections.
Binance launched a pre-IPO perpetual futures contract linked to SpaceX, allowing traders to speculate on the company’s expected public market valuation before its anticipated stock market debut.
Tripp Hornick, principal at Quince Street Strategy, said that the US allowed the mining and manufacturing of rare earth elements to be pushed overseas because investors felt it was too expensive and 'dirty' to back. Now, the US is facing the consequences of moving that supply chain process overseas, as the US and other world powers race to build a system that is not reliant on China for minerals that are key to national security.
Yann LeCun & JP Vert discuss artificial intelligence and LLMs, and how they can translate into the physical world in the future. The two talk about the new techniques and infrastructures that will need to be built, as well as where some of the physical AI components can be built. They speak with Roman Bostick on "The Close."
Gerber Kawasaki Wealth and Investment Management co-founder and CEO Ross Gerber sees a really exciting time for tech as space and AI converge. He speaks on "Bloomberg The Close."
Elon Musk's rocket, satellite and AI company is effectively basing its pitch for the biggest IPO in history on the idea that it can capture a huge share of the market from the likes of OpenAI, Anthropic PBC and Alphabet Inc.'s AI systems: technology that will eventually automate large swaths of white-collar and administrative work, creating a massive market for software that can perform digital tasks traditionally handled by humans. Nancy Tengler, Laffer Tengler Investments joins Bloomberg Businessweek Daily to discuss the flurry of IPO's.
Keir Starmer's 2024 landslide became a sinkhole in under two years. Bloomberg Originals explains how British politics collided with economic reality, fueling a revolving door of prime ministers.