The History of Cryptocurrency Legalization in Japan

Japan became one of the first countries to legalize cryptocurrencies, granting them official status in 2017. This move not only protected investors' rights but also created a legislative framework for further development of the crypto market. In 2017, Japan passed a law recognizing Bitcoin and other cryptocurrencies as legal tender, which helped increase trust in digital assets. Since then, Japanese cryptocurrency exchanges have operated in strict compliance with financial regulators' requirements, ensuring investment security and boosting the market's attractiveness.