Japanese will have more incentive to buy BTC.
Classifying as a financial product means the tax rate on BTC gains (or trading) goes to 20% instead of being the marginal income tax rate (43-55% if you earn >57k USD per year.
Metaplanet will lose its tax arbitrage advantage over self custody BTC.
Around 110 cryptos are also included, staking gains are taxed at the marginal rate.

HUGE: 🇯🇵 Japan will classify Bitcoin as a financial product this year!

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Binance’s SAFU fund, created to protect user assets, continues to increase its Bitcoin reserves.
According to the latest information, SAFU Fund has purchased an additional 4,225 $BTC, worth approximat...

Binance’s SAFU Fund, Created to Protect User Assets, Has Purchased Bitcoin Again! Here’s the Amount of the Latest Purchase

Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
In 2014, CZ, who had only been exposed to the concept of cryptocurrency for a year, made the most daring investment of his life—selling his apartment in Shanghai and "All In" on about 1,500 BTC for a three-figure price. Twelve years later, if CZ had never sold, this investment would have brought in a substantial profit of hundreds of millions of dollars (peak return of about $189 million).
Compared to the later establishment of Bina...

The day CZ missed his best investment, Crypto missed out on AI.

Bitcoin miner Cango completed a sale of 4,451 Bitcoin worth roughly $305 million to reduce debt and fund its transition to AI computing, the company announced Monday.
The company currently holds more ...