Pafin Acquires Gtax Amid Japan Crypto Regulation Reforms

Pafin has acquired Gtax, a Japanese crypto tax service provider. The deal is part of Pafin's restructuring efforts in response to changes to Japan's Financial Instruments and Exchange Act.

The revisions bring cryptocurrencies under financial product regulation for the first time. This move aims to provide clearer guidelines for the industry and protect investors.

Pafin plans to complete a brand integration with Gtax by October this year, according to Foresight News and Nikkei reporting.