3 years ago
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Bitcoin tax Evader gets a year in Prison - the first in Japan
The cryptocurrency market has gained widespread popularity and regulators in many jurisdictions have imposed taxation policies. Usually, Tax evaders face heavy penalties, but Japanese authorities have taken things up a notch and have sentenced one such defaulter to serve a year in prison, alongside a hefty fine of $200,000.
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Bitcoin is currency. Taxes apply based on jurisdiction, not the type of money used.