News Formal

Japan’s crypto market on edge: BOJ rate hike fears spark concerns

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Bank of Japan's Kazuo Ueda hints at more rate hikes, sparking debates and speculation in the crypto market.

Recent volatility in the global economy, especially in cryptocurrencies, has raised concerns about the effects of major financial decisions.on the 3rd of September that the BOJ would continue raising interest rates if economic conditions align with their projections.This crash was partly due to the “carry trade” strategy, where investors leveraged Japan’s low rates to borrow yen to purchase lucrative US assets.

Hence, the Bank of Japan’s potential decision to raise interest rates has once again intensified concerns of another round of turmoil., founder of SBI-owned BITPOINT and Chairman of the Japan Cryptocurrency Exchange Association, highlighted Japan’s diminishing role in the global crypto market. “There are concerns that strict tax rules will lead to a decline in the international competitiveness of Japanese web3-related businesses.”“Regarding the tax treatment of cryptocurrency transactions, cryptocurrency should be treated as a financial asset that should be an investment target for the public.”

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 22. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Mexico Peso Leads Emerging Market Rally on Dovish Bank of Japan(Bloomberg) -- Mexico’s peso led a relief rally in emerging markets after the Bank of Japan signaled it would be cautious about raising interest rates...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

Massive Losses Set Stage for Big Rebound in Japan’s Bank Stocks(Bloomberg) -- The outsized drop in bank shares during the recent rout in Japanese stocks has the potential to bring an off-the-scale recovery.Most Read from...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »