By CCN: Japan is adding to its impressive compliance charge on cryptocurrencies by honing in on tax evasion. Through more stringent laws tracking cryptocurrencies, the Asian country will gain better access to data from exchanges.

The National Tax Agency (NTA), the country’s tax authority, will deploy about 200 specialists to detect undeclared income gained from cryptocurrency trades. They are also focusing on monetized videos and other new economy staples. Cases of undeclared income from online platforms, including but not exclusively from cryptocurrencies, have forced the hand of the NTA. Japan is renowned for leading the way in compliance and regulation

The post Japan Unleashes 200 Tax Specialists to Chase Undeclared Cryptocurrency Gains appeared first on CCN

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