[Survey: Complexity of Tax System is the Main Reason Japanese Investors Sell Off Cryptocurrencies] According to a report by BeInCrypto, a nationwide survey in Japan revealed that among individuals who previously held cryptocurrencies, 22.2% stated that the complexity of the tax system was the primary reason for their exit, while 19.4% cited price volatility as the main factor. Currently, investors holding digital assets generally believe that volatility (61.4%) and tax complexity (60%) are the two major challenges they face. The report noted that in Japan, cryptocurrency earnings are classified as 'miscellaneous income,' with tax rates reaching up to 55% after local taxes are applied. Investors are required to track every transaction, calculate profits and losses in yen, and file annual tax returns. For many, this cumbersome administrative work outweighs the investment returns—despite 62.7% of investors stating that long-term wealth accumulation is their primary reason for investing, compared to only 15.1% who prioritize short-term speculation.