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#加密货币监管发展 The Bank of Japan may raise its benchmark interest rate to 0.75% in December, which would be the highest level in nearly 30 years. This expectation has already boosted the Japanese yen exchange rate and could put potential pressure on high-leverage cryptocurrency positions. Data analysis shows that the yen's strengthening aligns with the macro risk-off trend in investment portfolios, potentially limiting Bitcoin's rebound momentum. Notably, Japan also plans to implement cryptocurrency tax reforms in 2026, unifying the trading profit tax rate at 20%. These policy changes could influence global crypto market capital flows and investor sentiment. It is recommended to closely monitor fluctuations in the Japanese yen exchange rate, Bitcoin leverage position data, and domestic crypto trading volume in Japan to assess the actual impact of policy adjustments on the market.