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#数字货币市场回调 Japan is going to cut into the encryption tax system!
According to the latest news from Nikkei, the Japanese government is promoting a reform of the cryptocurrency income tax rate—uniformly taxing at 20%, which aligns the rate completely with that of stocks and funds.
The intention behind this is very clear: to lower the tax threshold for encryption transactions and stimulate the activity of the local market. Previously, Japan imposed a progressive tax rate on encryption gains, which could go up to 55%, directly forcing a large number of traders to overseas platforms.
If this reform is implemented, the liquidity of these mainstream cryptocurrencies in the Japanese market, $BTC , may experience a surge. This could be a significant variable for the encryption landscape in the Asian region.