Global #Japan

On Wednesday, Japan’s Prime Minister Fumio Kishida highlighted the crucial role of Web3 and blockchain technology in addressing societal issues during his video address at the opening ceremony of WebX 2024.

The cryptocurrency industry across Asia is undergoing significant transformations as governments in the region introduce stricter regulations while simultaneously encouraging innovation.

As cryptocurrencies gain prominence, countries around the world are enacting diverse regulations to address the risks and opportunities of digital assets.

Global investment management firm Franklin Templeton has partnered with Japanese financial services giant SBI Holdings to establish a new asset management company.

Major cryptocurrency exchange Gate.io has stopped offering services in Japan, citing compliance difficulties. This move highlights the challenges crypto exchanges face in navigating complex regulatory environments.

The number of active cryptocurrency traders in Japan is expected to surge to 500,000 by the end of 2024, according to a recent industry report. This significant increase highlights the growing interest and adoption of cryptocurrencies in the country.