🌟 **Japan's Crypto Surge: A New Wave of Investor Excitement and Regulatory Changes** 🌟Japan is experiencing a resurgence in cryptocurrency interest, with financial firms and exchanges launching new products and services to capitalize on growing investor enthusiasm. This comes as regulations may be easing, making digital assets more attractive to a wider audience.Investors' crypto holdings reached a record high of over five trillion yen in July, a 25% increase in just one month. Although Bitcoin grew by only 15% in yen terms during the same period, the overall trend shows a clear upward trajectory. These holdings have since slightly dipped to four point nine trillion yen by the end of September.The renewed interest is fueled by inflation outpacing wage growth, pushing people to seek riskier, higher-return investments. With more people holding traditional securities accounts than crypto accounts, there's a significant opportunity for market expansion.New regulatory changes are being discussed, which could significantly boost the market. These changes might include lower taxes on crypto gains and easier rules for trading with borrowed money. If passed, these changes could take effect around 2026 or 2027, potentially drawing in more retail investors.Companies like Coincheck and Mercari are already partnering to offer crypto to a broader customer base, showcasing Japan's rapid growth as a major player in the global crypto market.

The Daily News Now! — Every city. Every story. AI-powered.

---

Hosted on Acast. See acast.com/privacy for more information.