Technical analysis by Susan_117 about Symbol BTC on 6/25/2023

According to news on June 25, the National Tax Agency of Japan recently issued a circular on the interpretation of laws and regulations, modifying some rules of corporate tax. Among them, for the encrypted assets (virtual currency) issued by the enterprise itself, if the conditions are met, it will be excluded from the market value evaluation object. Under the previous law, when a company held virtual currency, it was required to pay capital gains tax at the end of the period. The rule places a burden on businesses and has long been seen as hindering virtual currency and blockchain innovation. After this revision, the rules related to the virtual currency issued by the company will be officially relaxed. It is worth noting that this revision of the rules only applies to virtual currencies "issued by the company", and virtual currencies "issued by other companies" are still subject to capital gains tax.