🚨🚨🚨🚨🚨🚨🚨🇯🇵 #BTC 💰
🇯🇵Japan Again Becomes the Leader in Crypto Assets💰
The crypto momentum in Japan is attracting global attention. In 2014, Tokyo-based Mt. Gox handled more than 70% of Bitcoin trading worldwide. The exchange collapsed, but Japan learned from this.
Japan became the first country to license a crypto exchange. This set the tone for global regulation. The country now maintains strict oversight while supporting innovation.
“Japan is a pioneer in Web3 regulation,” said Binance CEO Changpeng Zhao in 2023. He spoke as Binance returned to Japan. “We are pleased to offer services in a clear and strong regulatory environment.”
Currently, Japan has over 12 million crypto trading accounts. They manage ¥5 trillion, which is US$34 billion in crypto assets, according to industry data. About one in ten citizens now holds crypto.
Globally, ETFs are driving major interest in Bitcoin. BlackRock, Fidelity, and Grayscale launched US spot Bitcoin ETFs in 2024. Standard Chartered estimates institutions made 3% of Bitcoin purchases that year.
If Japan approves a yen-denominated Bitcoin ETF, it could enhance global liquidity. Japanese investors would gain a way to enter digital assets with FX hedging. Analysts estimate this will strengthen long-term demand while reducing barriers to entry.
However, broader adoption brings risks. The FSA balances innovation with investor protection, while also seeking transparency, clear disclosures, and protection against excessive volatility.
If the trend continues, Japan may reclaim its status as a crypto superpower. This time, with institutional strength and regulatory credibility.