Zeros

Japan's Digital Asset Retreat : When Tax Policy Shapes Market Participation Recent reports indicate Japanese retail investors are pulling back from digital asset markets , and the culprit isn't market volatility or technological barriers— it's tax complexity . Japan's treatment of digital currency gains as miscellaneous income  subjects profits to rates as high as 55%, while simultaneously limiting loss deductions. For everyday investors, this creates a punishing environment that effectively discourages participation in what many view as an emerging asset class. The irony runs deep. Japan established one of the world's first formal stock exchanges in 1878, demonstrating centuries of sophisticated understanding of securities markets and capital formation. Japanese regulators aren't naive about financial innovation —they're deliberately cautious. Yet this caution, however well-intentioned, may be shutting ordinary citizens out of markets that co...