I'm wondering if there's a ban on cryptocurrency in Japan. I've heard mixed information and I'm not sure if it's legal or illegal to use, trade, or mine cryptocurrencies in the country.
7 answers
DigitalLegendGuard
Tue Dec 10 2024
Prior to 2018, Japan held a reputation as one of the most welcoming nations globally towards cryptocurrencies.
Dario
Tue Dec 10 2024
Despite this stricter stance, Japan is now showing signs of becoming more accommodating to the Web3 industry.
ZenBalance
Tue Dec 10 2024
This crypto-friendly stance was characterized by a permissive regulatory environment that fostered innovation.
Claudio
Tue Dec 10 2024
However, a shift occurred in 2018, where Japan adopted a more stringent regulatory approach towards cryptocurrencies.
Nicola
Tue Dec 10 2024
Japan has made significant strides in enacting and refining cryptocurrency regulations since the year 2011.