#加密货币监管进展 Looking back at the development of cryptocurrencies, regulation has always been a challenging issue. Japan's decision to reduce the crypto profit tax this time reminded me of their pioneering move in 2017 to recognize Bitcoin's legal status. That caused quite a stir back then! However, this tax reform is a significant step forward compared to those days. Dropping from 55% to 20%, that's no small change. It seems the Japanese government is genuinely eager to support this industry.

Such policy changes often signal the arrival of a new bull market. Back in 2017, after Japan recognized Bitcoin's legality, the price of Bitcoin soared. Now, with the tax cut, it’s likely to attract a large influx of investors again. But we should also be cautious—regulatory easing often comes with bubbles. The ICO craze in 2017 is a lesson from the past.

Overall, this is good news. But investors should stay alert and manage risks properly. After all, opportunities and risks coexist in this industry. We need to learn how to find a balance between regulation and innovation—that's the key to long-term stability.