CMC News

#Japan Doubles #CryptoAdoption Through Policy Reforms

Japan has achieved 120% year-over-year growth in on-chain value received during the 12 months ending June 2025, according to #Chainalysis' Geography of Cryptocurrency Report. The country led the top five Asia Pacific markets in adoption growth, reflecting successful regulatory modernization efforts.

Chengyi Ong, Chainalysis APAC policy head, attributed the activity surge to global market trends, including fourth-quarter 2024 trading volume spikes following the U.S. presidential election. Regulatory restrictions previously constrained stablecoin listings on domestic exchanges, though recent policy changes are beginning to reverse these limitations.

Japanese regulators approved the country's first yen-pegged #stablecoin last month while implementing broader crypto law reforms. The changes align sector regulations with traditional securities market rules and reduce cryptocurrency taxation burdens, creating more favorable trading environments.

Bitbank's chief business development officer Atsushi Kuwabara reported steady platform usage growth through August for both new and returning users. Market activity in Japan has been stable but subdued relative to regional peers like South Korea, though upcoming policy expectations are boosting crypto usage.

The broader Asia Pacific region demonstrated continued expansion across multiple markets. Indonesia, South Korea, and India doubled their crypto value received from already high baselines, while Vietnam's 55% growth suggests market maturation with deeply embedded remittance and everyday financial crypto usage.