Analysis: Japan sees surge in crypto adoption amid policy shifts

Cryptocurrency adoption in Japan increased significantly last year due to shifts in government policy, according to an analysis by Chainalysis. Citing the report, Cointelegraph noted that Japan recorded the steepest growth among the top five Asia-Pacific markets, with the volume of on-chain fund inflows rising 120% in the 12 months beginning in June of last year. These policy shifts include recent revisions to align crypto industry rules more closely with those of the traditional securities market and an ongoing review of regulations to lower taxes on cryptocurrencies. Additionally, Japanese regulators approved the issuance of yen-pegged stablecoins last month.