"Possibility of Changes Due to Japan's Stablecoin Tax Reform" The global cryptocurrency market is undergoing significant changes, with stablecoins at its center. According to CryptoQuant, the circulation of ERC-20 based stablecoins has surpassed $140 billion, reaching an all-time high. This indicates a surge in demand for digital dollars in trading, DeFi, and cross-border payments. At the same time, the amount of stablecoins held on exchanges within the Ethereum and Tron networks has also increased significantly. This suggests that investors are keeping more 'dry powder' on exchanges, and historically, higher figures in this regard have tended to correlate with increased activity in the Bitcoin, Ethereum, and altcoin markets. Amidst this trend, Japan is also showing signs of wanting to join the global movement. Starting from the 2026 fiscal year, the cryptocurrency tax system is expected to change from a progressive tax rate of up to 55% to a flat tax rate of 20%, similar to that...
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