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Japan actually did it. Crypto’s a financial product now, legally sits next to stocks and bonds. The 55% tax people were getting hammered with is going to 20 and there could be bitcoin ETFs on the tokyo exchange by 2027.
& this is the country that used to tax crypto harder than almost anywhere where youd hand over half your gains. Now they’ve flipped completely and nomura and SBI are already lining up products for it.
They’ve done all this with bitcoin down 45%. You don’t do this for an asset you think is going away. Higher.