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Japan reclassifies crypto as a financial asset, paves way for tax cuts

Published Source: CoinDeskRead original

Crypto Insight Summary: Lawmakers said crypto has outgrown its role as a payment method and requires rules designed for investment products. Crypto Insight Analysis: Direction: Bullish BTC / Bullish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Japan's regulatory clarity and tax benefits could attract institutional investors.

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Japan reclassifies crypto as a financial asset, paves way for tax cuts — Crypto Insight