Japan reforms crypto tax, boosting rally for DeepSnitch AI and Monad
The Japanese government announced a new tax framework effective from 12/1, applying a flat tax rate on crypto profits equivalent to stocks and bonds, creating incentives for millions of retail investors and crypto businesses. This has triggered a strong rally: DeepSnitch AI (presale) surpassed 650,000 USD, increasing by 70% thanks to a dynamic AI agent; Monad reached 0.04 USD after mainnet launch; Avici coin surged by 1,700%. The Asian market reacted positively, with liquidity increasing and the trading volume of Japanese crypto booming. Analysts forecast that this move could initiate a significant bull run, attracting capital from other major economies. However, risks from high leverage still exist, especially as the Fed may cut interest rates. This is a crypto-friendly signal from one of the world's leading economies.
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