BTC $63,003.64 +0.07%
ETH $1,880.72 -0.02%
BNB $606.98 -0.01%
XRP $1.00 +0.28%
SOL $75.34 +0.03%
TRX $0.3309 -0.31%
DOGE $0.0696 -0.50%
ADA $0.1768 -1.60%
BCH $203.23 -0.75%
LINK $9.44 +4.54%
HYPE $56.74 +0.67%
AAVE $86.17 -0.33%
SUI $0.6767 -0.88%
XLM $0.1576 -0.11%
ZEC $486.81 -1.41%
BTC $63,003.64 +0.07%
ETH $1,880.72 -0.02%
BNB $606.98 -0.01%
XRP $1.00 +0.28%
SOL $75.34 +0.03%
TRX $0.3309 -0.31%
DOGE $0.0696 -0.50%
ADA $0.1768 -1.60%
BCH $203.23 -0.75%
LINK $9.44 +4.54%
HYPE $56.74 +0.67%
AAVE $86.17 -0.33%
SUI $0.6767 -0.88%
XLM $0.1576 -0.11%
ZEC $486.81 -1.41%

Analyst Willy Woo: Japan's classification of Bitcoin as a financial product will stimulate buying

2026-01-11 16:51:51

Regarding "Japan will classify Bitcoin as a financial product this year," crypto analyst Willy Woo commented, "The Japanese will be more motivated to buy Bitcoin. Classifying Bitcoin as a financial product means that the tax rate on Bitcoin gains (or transactions) will be 20%, rather than the marginal income tax rate (which is 43-55% if annual income exceeds $57,000). Metaplanet will lose its tax arbitrage advantage compared to self-custodied Bitcoin. About 110 cryptocurrencies are also included, with staking rewards taxed at the marginal tax rate."

app_icon
ChainCatcher Building the Web3 world with innovations.