Japan’s Crypto Industry Struggles with Regulatory Delays Compliance Costs Surge 30% as Global Share Falls to 12%
Japan’s crypto industry is encountering prolonged delays in token launches due to regulatory complexities, according to Maksym Sakharov, CEO of WeFi. The regulatory process, which requires self-assessment by the Japan Virtual & Crypto Assets Exchange Association (JVCEA) followed by Financial Services Agency (FSA) approval, stretches timelines to 6-12 months for initial exchange offerings (IEOs) or token launches. This bottleneck has prompted many projects to seek more accommodating jurisdictions like the UAE and Singapore, where regulatory frameworks enable faster approvals and greater flexibility [1].
The FSA’s tightened compliance requirements, including pre-launch audits for utility tokens and enhanced anti-money laundering…
