News

Jinse Finance reported that the Financial Services Agency (FSA) of Japan plans to reclassify 105 crypto assets, including bitcoin and ethereum, as financial products and bring them under the supervision of the Financial Instruments and Exchange Act. Currently, Japanese residents are required to declare crypto earnings as "miscellaneous income," with a maximum tax rate of up to 55%. After the reclassification, trading profits from these 105 tokens will be taxed as capital gains, with a unified tax rate reduced to 20%, the same as stock trading. According to reports, this proposal is expected to be included in the budget plan at the beginning of 2026.

ChainCatcher news, according to Golden Ten Data, the minutes of the Federal Reserve's October policy meeting will be released early next Thursday (Beijing time), and investor uncertainty over the US interest rate path is intensifying. Last month, the Federal Reserve lowered the benchmark interest rate to the 3.75% - 4% range, but Powell's statement that "further rate cuts by the end of the year are not a foregone conclusion" has reshaped market expectations. Boston Fed President Collins questioned a rate cut next month, emphasizing that "the threshold for additional easing in the near term is relatively high." The lack of data will become a major obstacle to the Fed's decision-making.