Crypto Comeback in Asia: Why Japan & Korea Could Fuel the Next Bull Run

"since Korean capital in crypto is so heavily concentrated in this one crypto you might want to keep an eye on its chart around the time that Korean institutional capital is let loose on the crypto market"

"back in December of 2021 the CEO of Japan's Bitcoin exchange told CoinDesk that if the authorities were to reduce the tax on crypto gains to 20% then some 10 to 20 trillion yen would return to Japan's crypto markets on the higher end that's 130 billion US suggesting that we might see some unfathomable inflows coming from Japan in the coming years"

"according to NIC's report this bill will be submitted to the Parliament as early as 2026 and will place crypto under the regulatory authority of the FSA although no source for this claim was given this would reclassify digital as a distinct asset class and mean the tax on gains being slashed from 55% to 20%"

"starting from the second half of this year buying will be allowed and participation extended to institutional and professional investors"