Japan is one of the world leaders in blockchain development and blockchain communities as aspiring projects crop up every day in the supposed “Satoshi’s country of origin”. Japan became one of the first countries (if not the first) to regulate cryptocurrency activities including exchanges, institutions and funds giving businesses a definite framework to work with.
The Japanese government approved 16 japan cryptocurrency exchanges are coming together to create a self-regulatory body in the area. This move is made in the light of the major Coincheck hack of about $530 million. This self-regulatory group will also include more than 100 firms and 16 quasi-operators that are looking to get into Japan’s