According to a report by BeInCrypto, a national survey in Japan revealed that 22.2% of people who used to hold cryptocurrencies said the complexity of the tax system was the main reason for their exit; 19.4% cited price volatility as the main reason. Investors currently holding digital assets generally cite volatility (61.4%) and tax complexity (60%) as the top two challenges they face.
In Japan, cryptocurrency gains are classified as "miscellaneous income," with tax rates of up to 55 percent after local taxes are paid, according to the report. Investors must track every trade, calculate yen-denominated gains and losses, and file them on an annual basis. For many, this administrative chore outweighs ROI - although 62.7 percent of investors said long-term wealth accumulation was their main reason for investing, while only 15.1 percent prioritized short-term speculation.
Survey: Tax system complexity is the main reason why Japanese investors are selling cryptocurrencies
2025-12-09 06:48:15
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