Japan's sensible crypto rules have brought numerous praises from stakeholders, but is the country's crypto industry stuck in 2021? thesamreynolds reports.
. Unlike the U.S., which has been openly hostile to the industry, Japan is seemingly embracing it and has worked to regulate it – regulations that were born in blood after the collapse of Mt. Gox in 2013. And, in the end, Japan was theA lot like it did at the height of the bull market in the West.
NFTs and GameFi are big, and curiously, so is enterprise blockchain. Some of Japan’s largest companies are announcing that they have a Web3 strategy,Tanaka emphasizes that in Japan, this will all be different.“They will probably not try to create the same kind of speculative move that you may have seen outside of Japan, because they realize that can actually backfire and negatively impact their core game fans,” he continued.
, and recalibrated its stance, saying that if its venture into Web3 were “perceived as simple money-making…it would make a decision not to proceed.” Same with Square Enix. While the stock market liked its decision to embrace NFTs, starting with characters from
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