【Analysis: The Japanese Senate Election May Reshape Bitcoin Policy】 According to Golden Finance, Japan, once one of the largest cryptocurrency markets in the world, has gradually weakened its market dominance after experiencing major hacking incidents such as Mt. Gox and Coincheck. Nevertheless, the Japanese cryptocurrency market still has enormous potential, with the total scale of personal financial assets estimated at about 200 trillion yen, equivalent to approximately 1.35 trillion USD. However, high tax rates and complex rules for calculating cryptocurrency asset losses pose significant investment barriers. The election on July 20 may fundamentally reshape Japan's national governance structure, becoming a key moment for the development of cryptocurrency policy. Therefore, as the ruling coalition is mired in difficulties regarding tax reform, the opposition party is rapidly gaining momentum. The Japanese cryptocurrency industry is closely monitoring potential changes to the cryptocurrency tax classification system. Notably, the opposition party advocates for a separate taxation system to replace the current 'miscellaneous income' rule.

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