Application to Tokyo Metropolitan Bureau of Labor and Industry accepted
On the 25th, JPYC Co., Ltd., the operator of the Japanese yen stablecoin “JPYC,” received an application to the Tokyo Metropolitan Bureau of Labor and Industry as a company eligible for preferential treatment A and B under the angel tax system promoted by the Ministry of Economy, Trade and Industry. announced that it had been done.
Individual investors who invest in the company will be able to enjoy tax benefits, which is expected to increase funding opportunities for JPYC Corporation. By being listed on the list of pre-confirmed companies under the angel tax system, JPYC Corporation is now able to explain to individual investors that it is a company subject to the angel tax system.
The Ministry of Economy, Trade and Industry’s angel tax system is a system that provides tax incentives to encourage investment in start-up companies. Under this system, individual investors will be able to deduct a portion of their investment in a startup company from their gross income, or the full amount of the investment from capital gains on stocks, etc.
Such measures create incentives for investors to reduce the risk of investing in new companies. Furthermore, if the company you invested in is successful, the tax rate on returns may be reduced, and if the company incurs a loss, you can receive preferential treatment in income tax and resident tax.
connection:NFT adoption is progressing through hometown tax payments, and JPYC aims to revitalize the region with commemorative SBT
About JPYC Co., Ltd.
JPYC Co., Ltd. develops and operates the Japanese Yen stablecoin “JPYC”. This coin complies with the Payment Services Act and is issued as a third-party prepaid payment instrument. Technically, it has the same properties as crypto assets, but legally it is completely compliant with Japanese law.
JPYC is issued on various public blockchains such as Ethereum and Polygon, and on January 17th, it was reported that the cumulative amount issued exceeded 2.5 billion yen.
connection:JPYC plans to partner with Mitsubishi UFJ Trust and Progmat to expand stable coins and enter the domestic and international SC exchange industry