According to the Nikkei report, the National Tax Agency of Japan (NTA) reported that 331 cryptocurrency investors registered a profit of 100 million yen or more, which is about 1 million.

Millions earned cryptocurrency investors

Of the 21.98 million individuals who submitted the tax return for 2017, 549 registered a profit of 100 million yen. More than half of them,

331 PEOPLE IN THE CRYPTOCURRENCY

In 2017, the Japanese government, the Financial Services Agency (FSA) and the NTA announced that local monetary authorities would tax up to 55 percent of non-operating return on investment. In February of this year, Bloomberg reported that the Japanese government hinted that it would impose up to 55% on investment in the cryptocurrency especially on individuals, which amounted to more than 40 million yen, which is about 365,000 dollars.

In this regard, one analyst said: “If we consider the rapid growth of the cryptocurrency sector at the end of 2017, 331 is a number that is too low to be true. Most of the cryptocurrency investors probably did not declare their incomes to the government.”

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