![]() With the growth many digital assets have been able to reach mainstream coverage. It comes as no surprise that crypto is heavily regulated within Japan. Cryptocurrencies – how they are regulated within Japan.DEAPcoin ($DEAP) from Digital Entertainment Asset.Enjin token ($ENj) from the Enjin blockchain.Currently there are only 2 cryptocurrencies related to gaming that are available on the market. Whilst crypto is accepted within Japan, gaming tokens are not so widely available. Coinbase is their most notable, however it is heavily regulated by one of Japan’s biggest banks, MUFG. Whilst being legal, there are not as many exchanges within Japan as compared to the rest of the world. Despite the strict legislation which we cover more below, the Japanese investors and traders tallied a total of $1 trillion worth of traded crypto in that year.Īt the time of writing there are large amounts of crypto being traded with a growing gaming industry as we see more and more big time brands joining in. Something western countries chose to adapt a little longer down the line.Ģ021 was a huge year for Japan and the blockchain. Since 2016, Japan and their government have officially made cryptocurrencies legal tender. © Mmoexaminer Japan’s background with the blockchainĬrypto is available in Japan, unlike in many other neighbouring Asian countries where the digital currency is not so accepted. Looking into the industry leading brands and titles coming out of Japan and crypto as an industry is received in that part of the world.Īs one of the early birthplaces of the original gaming experience and now into the modern era, the Japanese adoption of the new technology age is definitely interesting to say the least. In this report, the Japanese Web3 industry will be unpicked. Games are now starting to display real world value through play to earn integration, incentivising long term-term usership. We are seeing brands such as Starbucks, gamify their customer experience through the integration of these technologies. The West have really taken on the idea of crypto, blockchain, web3 whichever term you want to use to describe this recent phenomena. Mainstream success has been somewhat granted to the crypto industry on both positive and negative ends of the spectrum as we have seen large amounts and winners and also losers in the spotlight. Your comprehensive all in one guide to the world of crypto in the land of the rising sun.Ĭryptocurrencies and the topic of web3 technology has managed to plaster itself on all corners of the globe over the past 24 months. ![]()
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