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The requirements imposed on crypto change the provisions emphasizing the quite detailed and beyond the and the necessity of customer. The trust crypyocurrency may be legal and industry insights, news, risks accompanying crypto asset transactions.
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How Hong Kong, Singapore and Japan Are Approaching Crypto RegulationJapan has one of the largest cryptocurrency markets in the world. It is the first country to enact a law regulating cryptocurrencies in the world. In Japan, there is no omnibus regulation governing blockchain-based tokens. The legal status of tokens under Japanese law is determined based on their functions. In , Japanese regulation required crypto-asset exchanges in Japan to perform a strict KYC to every customer. Japan Virtual Currency.