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...ndoned its plans to include permission for trading crypto derivatives on financial exchanges due to its concerns that this only encourage speculation. Recent increase of interest in and analysis of Japan crypto space is also tied to a hack of the coincheck exchange in January, which resulted in around $533 million in cryptocurrencies equivalent being stolen. Many market observers are conside...

... legislation development, as some of the first crypto-exchanges were established here and led the market in Bitcoin trading for some years already. **Hacks Led to Strict Rules** After the massive attack on the Japanese leading crypto exchange, coincheck, which resulted in theft of over $500 million worth of digital currencies, took place in 2019, major overhaul of Japanese crypto regulations...