Japan

Regulatory Policy
Loose
GDP (USD)
5279.77B
Population
125.57 M
Exchange Registration
48
Exchange Business
267
Exchange Field Survey
0

Trading environment analysis

JPN has been surprisingly friendly to cryptocurrencies, and they are one of the few nations to actively recognize Bitcoin as legal tender, but not specifically a currency. Businesses and consumers are free to transact using digital currencies as they see fit.

However, it does not seem that banks and securities institutions are allowed to deal in Bitcoins due to the particular definition that they have given to cryptocurrencies. Japan cryptocurrency regulation is friendly towards users and investors, and this has caused the popularity of these currencies to rise in recent years. JPN is actually the world's biggest Bitcoin market.

They have however enacted some stricter laws in what cryptocurrencies can be accepted here, and they can be a little confusing. For example, the ruling on anonymous cryptocurrencies such as Monero and Zcash is still up in the air, because the government fears their anonymous nature and the activities associated with them. They have however been loose in permitting more obscure coins like PePecash, which surprised some users.

All in all, JPN's rules seem to be a move to protect consumers more than to limit the usage of cryptocurrencies or obstruct their growth. Whether or not these regulations actually provide the value that they think they do is yet to be seen, but the future of crypto in JPN looks bright.

Exchange
Score
Established
Influence
Details
1
coinbase
9.61
10-15 years
A
2
BINANCE
9.57
5-10 years
AAA
3
BINANCE US
9.38
2-5 years
AAA
4
Bitstamp
9.14
10-15 years
AA
5
bitbank
9.12
10-15 years
A
6
bitFlyer
9.11
10-15 years
AA
7
UPbit
9.10
5-10 years
AAA
8
GEMINI
9.09
5-10 years
AA
9
Coincheck
8.87
10-15 years
A
10
GMO
8.76
5-10 years
AA
11
OKCOIN
8.71
10-15 years
A
12
Zaif
8.63
5-10 years
B
13
bitkub
8.54
5-10 years
A
14
SBI VC Trade
8.54
5-10 years
B
15
HTX
8.50
10-15 years
B
16
COINLIST
8.50
5-10 years
A
17
Revolut
8.33
5-10 years
C
18
OKCOIN JAPAN
8.26
5-10 years
A
19
Rakuten Wallet
8.24
5-10 years
B
20
BITPOINT
8.10
5-10 years
B
Regulators
Regulated Exchange
Details

A Visit to SBI VC Trade in Japan – No Office Found

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange SBI VC Trade as scheduled, but didn’t find the company’s business office at its regulatory address, which indicates that the company doesn’t have a physical presence here. So investors are advised to make a sensible choice of the exchange based on a comprehensive consideration.
Danger
Japan
May 16, 2023
Tech Bureau, Corp.
Details

A Visit to Tech Bureau,Corp. in Japan – Office Found

The survey personnel went to Osaka, Japan to visit the cryptocurrency exchange Tech Bureau,Corp. as scheduled, and found the company’s physical business office at its registered regulatory address. And investors are advised to make a sensible choice based on a comprehensive consideration.
Good
Japan
Jun 21, 2023
OKCOIN
Details

A Visit to OKCOIN in Japan – Office Found

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange OKCOIN as scheduled, and found the company’s physical business office. And investors are advised to make a sensible choice based on a comprehensive consideration.
Good
Japan
Jun 20, 2023
Rakuten Wallet
Details

A Visit to Rakuten Wallet in Japan – No Office Found

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange Rakuten Wallet (licensee: Rakuten Wallet, Inc.) as scheduled, but didn’t find the company’s physical business office at its regulatory address. Investors are advised to make a sensible choice based on a comprehensive consideration.
Danger
Japan
May 30, 2023
SBI VC Trade
Details

A Visit to SBI VC Trade Co., Ltd. in Japan – No Office Found

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange SBI VC Trade Co., Ltd. as scheduled, but did not find its physical business office at its publicly displayed business address, which indicates that the company’s regulatory information is not true. Therefore, investors are advised to choose this exchange carefully.
Danger
Japan
Apr 10, 2023
SEBC
Details

A Visit to SEBC in Japan – Office Found

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange SEBC as scheduled, and found the company’s name from the company directory at its registered regulatory address. Unfortunately, the survey personnel were not able to enter the company for a special visit, so the specific scale of its business is unknown. Investors are advised to make a sensible choice based on a compreh
Japan
Apr 20, 2023
bitbank
Details

A Visit to Bitbank in Japan – Office Found

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange bitbank as scheduled, and spotted its physical business office at its registered regulatory address. Unfortunately, the survey personnel were not able to enter the company for a special visit, so the specific scale of its business is unknown. Investors are advised to make a sensible choice based on a comprehensive consi
Good
Japan
Mar 23, 2023
Zaif
Details

A Visit to Zaif in Japan – No Office Found

The survey personnel went to Japan to visit the cryptocurrency exchange Zaif as scheduled, but didn’t find the company’s office at its regulatory address, which suggests that the company doesn’t have a physical presence here. Investors are advised to make a sensible choice based on a comprehensive consideration.
Danger
Japan
Jun 1, 2023
Coincheck
Details

A Visit to Coincheck in Japan – Office Found

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange Coincheck Coincheck, Inc.) as scheduled, and found the company’s physical business office at its registered regulatory address. Investors are advised to make a sensible choice based on a comprehensive consideration.
Japan
Jun 6, 2023
GMO
Details

A Visit to GMOコインin Japan – Office Found

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange GMOコイン (GMO Coin, Inc.) as scheduled, and found the company’s physical business office, which was easy to notice with moderate scale. Investors are advised to make a sensible choice based on a comprehensive consideration.
Japan
Jun 8, 2023
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