Japan is known as a land of contrasts. A country where serenity and tranquillity can be found in the middle of the hustle and bustle of large global cities, where proud traditionalism stands side-by-side with the developers and innovators of breakthrough technologies, where kimonos are often found next to the latest fashion trends.
This contradictory tendency is no different in Japan’s cryptocurrency ecosystem. It ranks as one of the top crypto-friendly nations on Earth, with favorable and forward-thinking cryptocurrency regulations. They made Bitcoin legal tender in 2017, and at one point, the Japanese yen dominated the buying and trading of Bitcoin. The Japanese Financial Services Agency (FSA) has also received 190 cryptocurrency exchange license applications.