Japan Crypto Growth Doubles With Pro-Crypto Policies
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Japan’s recent policy shifts have helped the country more than double its crypto adoption over the past year, according to crypto analytics company Chainalysis. Among the top five markets in the Asia Pacific (APAC) region, Japan saw the strongest growth, with its value received onchain growing 120% year-on-year in the 12 months to June, according to an excerpt from Chainalysis’ 2025 Geography of Cryptocurrency Report released on Wednesday. Chainalysis’ head of APAC policy, Chengyi Ong, told Cointelegraph that activity in Japan “reflects some of the trends that we saw in the global market, a sharp pickup in trading volumes in the fourth quarter of 2024 on the back of the US presidential election, followed by a tapering.” Meanwhile, Atsushi Kuwabara, chief business development officer at Japanese crypto exchange Bitbank, told Cointelegraph that the company had seen “steady growth in platform usage year over year” to August for both new and returning users. The value of crypto received by month in APAC shows an uptick in November 2024, coinciding with rising crypto prices after US President Donald Trump’s election win. Source: Chainalysis Japan has looked to reform its crypto laws to align the sector’s rules with the traditional securities market and change its taxation rules to lower taxes on crypto. Last month, the country’s regulators also greenlit the first stablecoin pegged to the yen. “Japan’s growth is on the heels of important advances in its crypto industry,” Chainalysis said. “For some time now, regulatory restrictions have constrained the listing of stablecoins on domestic exchanges, although this is now beginning to change.” A crypto ATM inside a mall underneath the popular tourist attraction Tokyo Tower. Source: Coin ATM Radar Ong said that market activity in Japan “has been stable but subdued relative to regional peers like South Korea,” but crypto use in…
