Back in 2017, the Japanese currency (Yen) had accounted for the highest Bitcoin (BTC) trading. It even left behind the powerful US dollar at a distant second. Although the initial hype of cryptocurrency has largely calmed down, its popularity remains high in Japan. A current report from the nation’s Financial Services Agency (FSA) suggests that the number of cryptocurrency trading companies in Japan is increasing rapidly. But the question is: what makes a cryptocurrency trading company so successful in Japan? An in-depth dive into the factors is important to understand.


Reason #1: Stable Legal System


This is one of the biggest reasons behind the flourishing of cryptocurrency in Japan. While there are rules in place, they are not too strict or unfair for any cryptocurrency trading company Japan. Organizations trading in such digital currencies needs to submit Know-Your-Customer (KYC) and fulfill certain Anti-Money Laundering (AML) requirements. Such regulations stop risky trades and mitigate vulnerabilities.


Reason #2: Popularity among the Masses


What makes owning a cryptocurrency trading company Japan rewarding is the familiarity of the Japanese to securities trading and especially foreign exchanges. The citizens of this nation make up the largest segment of crypto buyers and traders. For a common Japanese citizen, cryptocurrency is an alternative to foreign exchange, stocks or bonds. This helps make the digital currency a popular financial product.


Reason #3: Rules to Ensure Transparency & Safety


While BitCoin and other cryptocurrency organizations do offer some level of privacy, yet this privilege has been time and again been misused. This is why the FSA has implemented certain regulations that keep the exchanges transparent while not hurting the privacy factor. FSA has come up with a new set of rules that demarcates the legal crypto organizations from the rest. These rules include:


  • Employees from the crypto company would not divert their user’s digital currency elsewhere.
  • All exchanges would have to pass through two-factor authentication for transfers.
  • Every exchange should comply with the pre-set KYC laws and would be monitored for suspicious actions.
  • Privacy-oriented coin trading ban would be imposed very soon.
  • 仮想通貨取引所の従業員は顧客のデジタル通貨を他所へ流用しないこととする。
  • 全ての取引において、通貨の移転の際には2段階認証を行うこととする。
  • 全ての取引は、あらかじめ定められた顧客の本人確認の法律に従い、疑わしき取引を監視することとする。
  • プライバシーに関するコイン取引の禁止令が早急に課される予定である。


As you can see there are plenty of reasons to start a cryptocurrency trading company Japan.