📢【Japanese financial regulator releases tax law reform plan for fiscal year 2025】📢

The Financial Services Agency (FSA) of Japan recently announced a comprehensive tax law reform plan for fiscal year 2025, focusing on the tax treatment of crypto assets. In its request for tax reform on August 30, the FSA emphasized that cryptocurrencies should be considered traditional financial assets available for public investment. 🎯

Currently, cryptocurrency profits in Japan are taxed as miscellaneous income at a rate between 15% and 55%. The reform plan aims to reduce this tax rate and encourage more public participation in cryptocurrency investment. 💰

Despite the overall neutral market attitude, Bitcoin, as the leader of cryptocurrencies, may usher in more investment opportunities in the Japanese market in the future. 🚀