Analyst: Japan's Classification of Bitcoin as a Financial Product May Be Unfavorable for Metaplanet

Odaily According to reports, regarding Japan's plan to classify Bitcoin as a financial product this year, cryptocurrency analyst Willy Woo commented on platform X, stating that this policy is beneficial for ordinary people. It will motivate more Japanese citizens to purchase Bitcoin because, once classified as a financial product, Japan's Bitcoin capital gains or transaction tax rate will be levied at a 20% rate, rather than according to the marginal income tax rate (which can be as high as 43-55% for annual incomes exceeding $57,000). However, this policy may be unfavorable for Bitcoin treasury companies like Metaplanet, as their self-custodied Bitcoin would lose its tax arbitrage advantage.