Share this article
Japan Increasing Efforts to Regulate Digital Currency: Report
The move is a sign of increasing concern that new forms of private money could disrupt Japan's financial system.
Updated Sep 14, 2021, 1:26 p.m. Published Jul 16, 2021, 6:13 a.m.
Japan's Financial Services Agency has created a division to oversee "decentralized finance" and the Ministry of Finance is mulling boosting the number of staff focusing on digital currencies, Reuters reported on Friday, citing three officials it didn't identify.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The move is a sign of increasing concern that new forms of private money could disrupt Japan's financial system, according to the report.
- Regulation would complement the Bank of Japan's efforts on the central bank's digital yen.
Read more: Japan’s Financial Services Regulator Issues Binance Warning
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
