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Friday, April 13, 2018

Crypto News: Japan Could Have More Than 3 Million Crypto Traders

Japan Could Have More Than 3 Million Crypto Traders

Japan's Financial Services Agency (FSA) has released domestic cryptocurrency trading statistics for the first time.

According to data gathered from 17 cryptocurrency exchanges in Japan, as of Mar. 31 this year, the country has at least 3.5 million individuals that are trading with cryptocurrencies as actual assets.

Among them, crypto investors in their 20s, 30s and 40s make up a major share, accounting for 28, 34, and 22 percent, respectively, of the total crypto trader population in Japan.

Announced at the first meeting of a cryptocurrency exchange study group established by the FSA in early March, the data release marks the latest effort by the financial watchdog in bringing greater transparency to the industry following a recent hack of one of the domestic exchange Coincheck.


Full story HERE


Source: CoinDesk


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