The Japanese regulatory authorities have recently taken a major step — reclassifying Bitcoin as a financial product, and the accompanying tax policies have also been adjusted accordingly. Previously, the progressive tax system could reach up to 55%, but now it has been uniformly changed to 20%. What does this mean? The direct cost of holding coins has significantly decreased.



For institutions like Metaplanet that attract funds through tax arbitrage, their previous competitive advantage has basically disappeared. But on the other hand, this is actually good news for the entire industry — the barrier to entry for institutions has been lowered, and more players are willing to enter. As developed countries like Japan accelerate the process of crypto asset compliance, market confidence in mainstream cryptocurrencies like Ethereum and Bitcoin is gradually building. The clearer the rules, the higher the willingness of market participants.
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BlockchainGrillervip
· 01-11 04:52
Japan's recent move, cutting from 55% to 20%, directly ruined the tax arbitrage game. Metaplanet must be panicking, haha. Anyway, for retail investors, it's a positive development. The holding cost has indeed decreased. Watching the institutions gradually entering the market, it seems that major countries are really serious about compliance.
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AirdropChaservip
· 01-11 04:41
Damn, 55% was directly cut to 20%? Japan's move is really aggressive, and the arbitrage space for Metaplanet is gone, retail investors are actually happy Cut from 55% to 20%, who wouldn't want to jump on this? Japan's quick action makes it feel like mainstream cryptocurrencies are really about to rise Clear rules mean institutions dare to enter, this logic makes sense... just worried they might cause some trouble again Metaplanet is a bit awkward this time, the advantage is gone A 20% tax rate compared to the US? Still seems competitive Now holding costs can be reduced by more than half, who still wants to mess around with leverage... When Japan moves, it depends on how Europe and the US respond. If they all cut taxes... Compliance is like this, it seems like some people's profits are cut, but in reality, it's about making a bigger cake
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NotFinancialAdvicevip
· 01-11 04:41
Japan's move this time is really brilliant; cutting from 55% directly down to 20%, HODLers are taking off.
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MindsetExpandervip
· 01-11 04:35
Damn, the 55% was directly cut to 20%. Japan is really waking up. The tax tricks of Metaplanet are gone, and the whole market is actually able to breathe easier.
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