CandleFocus Asia’s Top Crypto Developments: Key Updates from China, Japan, and Turkey
2024-09-30
Author: Content Editor
During the week of September 23 to September 29, Asian nations made significant moves in the cryptocurrency space. Former Chinese Vice Minister of Finance, Zhu Guangyao, called for enhanced research into digital assets, acknowledging their potential risks but emphasizing their importance for economic growth. Japan's Financial Services Agency (FSA) announced plans to reform regulations around cryptocurrency in gaming, aiming to simplify the process for businesses managing in-game digital assets and make the sector more accessible for domestic enterprises. Turkey confirmed its decision not to pursue additional tax plans on profits from stock trading or cryptocurrency, focusing instead on narrowing tax exemptions as part of its future economic strategy.
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