Japan's crypto exodus accelerates: 20% active account drop as firms flee 4-year approval delays
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最新报道：Japan's crypto industry faces an exodus as over 20% of active accounts closed in 2023 amid prolonged regulatory delays. The Financial Services Agency's four-year approval backlog has driven multiple firms to exit the market, with only 31 crypto exchanges currently operating compared to previous years. Industry leaders warn the slow licensing process undermines Japan's competitiveness in blockchain innovation, pushing businesses to more crypto-friendly jurisdictions like Singapore. Despite government efforts to promote Web3 development, bureaucratic hurdles continue hampering growth in what was once Asia's leading crypto hub.
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