Japan targets online tax evasion with specialized agents

Tougher law to help track cryptocurrency and e-commerce transactions

20190605N Neo Bitcoin Ripple cryptocurrency pillows REUTERS

Japanese tax investigators will gain easier access to data from exchanges handling cryptocurrencies such as bitcoin under a new law. © Reuters

TOMOSHIZU KAWASE, Nikkei staff writer

TOKYO -- Japan will deploy about 200 specialists to detect undeclared income gained from cryptocurrency trades, monetized videos and other new economy staples, the country's tax authority said Wednesday.

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