Japan announces cryptocurrency tax reform plan, intends to introduce separate taxation system
According to Deep Tide TechFlow, on December 26, as reported by CoinPost, the Liberal Democratic Party and the Japan Innovation Party announced the tax reform outline for the 8th year of Reiwa on December 19, proposing to position cryptocurrencies as financial products that contribute to the formation of national assets, and planning to introduce a separate taxation system. According to this plan, the spot trading, derivatives trading, and ETFs of cryptocurrencies will be included in the separate taxation range, and trading losses will be allowed to carry forward deductions for three years, aligning the tax system with that of financial products like stocks. 1111214213421 It is worth noting that the reform plan does not cover all cryptocurrency transactions, and income-generating transactions such as Staking and Lending may still be subject to the current tax system. At the same time, NFTs are not explicitly included in the scope of the reform and may continue to be taxed as miscellaneous income.
According to Deep Tide TechFlow news, on December 25, Galaxy Research proposed in its annual outlook that as regulatory frameworks gradually clarify and institutional and payment scenarios continue to expand, stablecoin transaction volume is expected to exceed the US ACH clearing system by 2026, with on-chain payments moving from the 'crypto circle' to broader fund settlement and cross-border circulation scenarios. BiyaPay analysts believe that the expansion of stablecoin payment scale will directly enhance users' attention to the efficiency of 'on-chain fund inflow and outflow and fiat currency exchange.' BiyaPay supports one-click conversion of USDT to over 30 fiat currencies, including USD, EUR, HKD, SGD, etc. Users can remit funds through compliant institutions without worrying about fund safety, helping them achieve faster and safer international remittance.
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Deep Tide TechFlow news, on December 22, according to Onchain Lens monitoring, a certain whale sold all 230,350 AAVE tokens in the past 3 hours, in exchange for 5,869.46 stETH (worth about 17.52 million USD) and 227.8 WBTC (worth about 20.07 million USD), with a total value of approximately 37.59 million USD. This large sell-off caused the AAVE price to drop by about 10%.
Techub News reports that according to SoSoValue data, this week the total net inflow of the US Solana spot ETF is approximately 66 million dollars, marking 8 consecutive weeks of net inflow. As of December 19, Eastern Time, the total net asset value of the Solana spot ETF is approximately 940 million dollars, with the ETF net asset ratio (market value as a proportion of Solana's total market value) reaching 1.32%.