Affected by the tax system, Japan's DAT company stock continues to outperform Bitcoin.

PANews, November 23 - According to Coindesk, due to the different tax treatments for stocks and Crypto Assets in Japan, the stocks of the digital asset treasury (DAT) company listed in Tokyo continue to outperform Bitcoin. In Japan, cryptocurrency gains are considered miscellaneous income, combined with wages and other income for tax purposes, and are taxed at a progressive rate, with a maximum rate of up to 55%. These gains cannot be offset by losses from other sources, nor can they be carried forward to future years. Equity gains are completely different. Equity gains are taxed separately, with a rate of about 20%, allowing for loss carryforwards, and the reporting requirements are simpler. This difference creates a clear financial incentive: directly holding Bitcoin may face a high tax burden, while holding stocks linked to Bitcoin can keep the gains within a lower-tax equity category. However, as the Japanese tax authorities consider revising the tax policies for Crypto Assets, the appeal of DAT may soon diminish. If this happens, the DAT listed in Tokyo will quickly lose its attractiveness after losing the tax advantages.