Innovative government following the election in Japan, cryptocurrencies and blockchain supports technology. The world’s largest cryptocurrency exchange Binancehad to end its activities in Japan 4 years ago.
With the election of a new government in the country, Binance exchange wants to reopen to the Japanese market. According to sources, Binance exchange has applied for a new license in Japan.
The officials of the Binance exchange, on the other hand, did not make a statement, considering that it would not be appropriate to make a statement on the subject for now.
Last month, a bill was drafted in the country to reduce tax rates on cryptocurrencies. Some institutions in the country made statements that cryptocurrencies fled to Singapore due to high taxes.
Japan’s View of Cryptocurrencies
The view on cryptocurrencies in Japan, one of the world’s largest economies, has changed considerably in recent years. The old government was not very fond of cryptocurrencies. In the past years, cryptocurrencies have been taxed by making the necessary regulations in the country.
But the newly elected new Japanese government is taking an innovative stance. The country’s prime minister, Fumio Kishida, has addressed blockchain technology in parliament in recent months. Prime Minister, especially Web3 He wants to be a pioneer in his field.
There is also a contrast to the new government’s positive view of crypto. Japan plans to introduce strict regulations on crypto lending platforms.
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