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Japanese Investors Leave Crypto – Not Due to Volatility, but for This Reason
A recent survey shows that Japanese investors are withdrawing from the crypto market, not due to price volatility, but because of complex tax requirements.
The Japanese financial planning platform 400F surveyed 894 participants nationwide in November regarding their cryptocurrency habits. Among former crypto holders, 22.2 percent stated that difficulties with the tax system were the main reason for their exit. This surpassed price fluctuations, as only 19.4 percent of former investors cited volatility as the primary reason for leaving the crypto space.
The Japanese financial planning platform 400F surveyed 894 participants nationwide in November regarding their cryptocurrency habits. Among former crypto holders, 22.2 percent stated that difficulties with the tax system were the main reason for their exit. This surpassed price fluctuations, as only 19.4 percent of former investors cited volatility as the primary reason for leaving the crypto space.
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