The Japanese Crypto market has recently become quite a happening place. About 8 companies have decided to opt out and have withdrawn their applications to operate the crypto exchanges.
Well, the other side of the picture is that about 100 companies have shown interest to step into the crypto market. The majority is surely authority, and it seems that companies that want to invest in digital currency surely outnumber the ones that do not seem to be interested in digital currency investments.
This means that the crypto investment environment in Japan is bound to become quite positive. At the same time, it is also important to review why some of the exchanges have decided not to go ahead in the crypto field. They must be having their set of reasons.
It is important that the Japanese Financial Regulatory authority needs to look into these issues so that they can adopt the adequate measures to make the financial scenario in Japan more favorable for crypto investments.
Japan will also need to adopt strong measures to establish a solid regulation system that can pinpoint the possible flaws in the functioning of the crypto exchanges. This will promote the element of transparency.
What everyone needs to understand is that digital currency investments are a new field comparatively. This is why it is important to adopt all possible measures to make the investors more comfortable.
It is also vital that the Japanese Investors should have adequate knowledge about the crypto market so that they can invest accordingly. It is obvious that companies that have decided to invest in the crypto market must have seen some potential in the industry. This is why they feel that the effort is worth and does deserve a chance.
If these 100 companies are successful in the crypto field, then this will be a huge milestone. Plus, this will help to establish the credibility of the crypto market. The Japanese government should also ensure that they encourage these positive moves so that the crypto industry can excel.
Moreover, when they are more competition among the crypto exchanges, then there will be this level of accountability as well. At the moment things seem to be in the initial stages. However, if things go right, then the investors will be more than happy to try their luck in the crypto world because it is undoubtedly the currency of the future and does hold a lot of scopes.