
Japan and South Korea are making big regulatory moves on crypto. And ADA is positioned to benefit from it as it trades on multiple licensed exchanges in both countries and has historical ties that goes back to the creation of Cardano.
Japan is reclassifying crypto as a financial asset with a flat 20% tax, 3 year loss carryforward, and removing corporate tax on unrealized gains. While South Korea has made digital assets a national strategic priority and lifted the ban on corporate investment (up to 5% of equity). This opens the door for much more institutional and corporate money to flow into crypto and pave the way for Crypto ETFs in the stock market for both countries.
Japan is the home market for Cardano that received 90% of the genesis ADA. There's a decent holder base for ADA in Japan which is dormant because of the current 55% tax. Cardano has a strong retail base in South Korea with ADA/KRW pair in Upbit exchange providing a decent percentage of everyday trading volume.
#Cardano #ADA
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