Japan Declares Green Channel for Bitcoin Exempt from Consumption Tax

1 Apr

Japan Declares Green Channel for Bitcoin Exempt from Consumption Tax

March was a busy month for Bitcoin in Japan. The country officially approves Bitcoin as a method of payment on 1st April 2017. While Japan prepares to recognize the digital currency, its long-awaited tax reform bills have also been passed this week. One area the bills address is the consumption tax treatment of digital currencies including bitcoin.