#ETF资金流向 Japan's recent tax reform signal is very important. Virtual currencies have been officially included in the financial product category by the government, which means the compliance process is accelerating.

Here's the key point—separate taxation system + 3-year loss carryforward, which is a double-edged sword for holders. On one hand, policy friendliness is increasing; on the other hand, higher transparency requirements for transactions. Spot, derivatives, and ETFs are all taxed separately, indicating that regulators are refining their management.

What is the most practical insight for us crypto enthusiasts? Regions with friendly policies will have more opportunities for new projects and interactions. As a mainstream trading market, Japan's tax reform will attract more compliant project teams' attention. In the short term, there may be a wave of new airdrop activities—especially interactive tasks targeting Japanese users.

It is recommended to follow the official updates of relevant projects now. Once the policy is confirmed, there will definitely be supporting incentive activities. Getting ahead of the game is never wrong; waiting until the opportunity arrives might be too late. Seizing the policy window often allows for the most efficient interaction gains at the lowest cost.