Japan changes tax policy, creating incentives for the crypto market

Japan is making significant changes to its tax policy to strongly promote the domestic cryptocurrency market. Instead of the high progressive tax rate of up to 55% as before, profits from crypto will now be taxed at a fixed rate of 20%. This change, along with the ability to carry forward losses for 3 years, is creating a more attractive investment environment than ever before. #Japan

Opening the door for ETF and stablecoin funds

Simplifying taxes not only encourages individual investors but also paves the way for Japanese companies to establish domestic cryptocurrency ETF funds. This makes it easier for institutional investors to access the market, thereby attracting a large and stable amount of capital.

In addition, the Japanese government also wants to regard crypto as an official "financial product" rather than just a "means of payment." In this move, they will approve the domestic stablecoin #JPYC , with plans to issue up to 1 trillion Yen over 3 years. This not only helps increase public acceptance of crypto but also positions Japan as a pioneer in developing the digital financial ecosystem.

These changes in Japan are an extremely positive signal, showing that governments are increasingly recognizing the potential of cryptocurrencies and are working to create a clear legal framework to support the development of the entire industry. This opens a promising new chapter for the global crypto market. #anhbacong