Cryptocurrency Adoption and trends in Japan in 2023
of Japanese
own cryptocurrency
It is estimated that over 5 million people, 4.0% of Japan’s total population, currently own cryptocurrency.(¹)
Japan has been at the forefront of the cryptocurrency revolution, with a favorable regulatory environment and strong support from both government and the financial sector. The country was one of the first to recognize cryptocurrencies as a means of payment and has been working to create a supportive environment for the cryptocurrencies industry to flourish (2).
In terms of adoption, Japan has one of the highest rates of cryptocurrency ownership and usage in the world. Major retail chains and online platforms such as Recruit Lifestyle and Bic Camera (3) accept cryptocurrencies as a form of payment, and there are numerous cryptocurrencies exchanges operating in the country (4) such as bitFlyer, Coincheck, and Bitbank.
The Japanese government has taken a proactive approach to regulate the cryptocurrencies market, with the Financial Services Agency (FSA) implementing measures to protect investors and prevent money laundering and other illicit activities (5). This has contributed to a stable and secure environment for cryptocurrencies trading and investment in Japan.
Licensed as a Major Payment Institution (MPI) by MAS, the Monetary Authority of Singapore. License number PS20200525. FinCen Registration number 31000227954985.
Licensed as a Payment Institution by the ACPR and registered as a Digital Asset Service Provider by the AMF under the aegis of Banque de France. Payment institution LEI: 969500VA4A8CRCS2N988
DASP No. E2023-079
Triple A Technologies Inc. is registered with the US Financial Crimes Enforcement Network (FinCEN) as a Money Service Business (MSB), number 31000261257720. Money Transmitter License Application (NMLS ID: 2514255)
