Is it legal to buy crypto in Japan?

According to this Act, crypto-assets are defined as payment methods that are not denominated in fiat currency. This definition encompasses a wide range of cryptocurrencies, allowing them to be used as a means of payment.

Notably, the Act does not impose any restrictions on owning or investing in cryptocurrencies. This means that individuals and entities are free to acquire, hold, and trade crypto-assets as they see fit.

The legality of cryptocurrencies in Japan has fostered a vibrant ecosystem for blockchain technology and digital assets. Many companies and startups have capitalized on this opportunity, offering innovative services and products related to crypto.

Among these, BTCC stands out as a prominent player in the cryptocurrency exchange space. Based in the United Kingdom, BTCC offers a comprehensive suite of services including spot trading, futures trading, and crypto wallets.

Cryptocurrency legality in Japan is a matter of utmost importance for investors and enthusiasts alike. The Payment Services Act serves as the legal framework governing the use of crypto-assets in the country.