Japanese crypto lending company CRYL has launched a Bitcoin-backed loan service, allowing users to secure fiat loans ranging from 1 million to 1 billion yen (approximately $6,200 to $6.18 million) without selling their BTC. The annual interest rate is between 3.5% and 7.0%, with a one-year term that can be renewed. In Japan, individuals selling crypto assets may face a combined tax rate of up to 55% on gains, so this type of collateralized financing helps holders access funds without selling BTC and triggering taxable events. CRYL is a subsidiary of J-CAM, the operator of BitLending, and has obtained a lending business registration in Tokyo. (CoinPost) https://(wublock123.com)/news/japan-crypto-lender-cryl-launches-bitcoin-backed-loans-64396