Japan's Slow Crypto Approvals Drive Innovation Offshore

Japan's once-promising cryptocurrency sector is facing a significant hurdle: its own regulatory framework. Experts warn that the country's slow, prescriptive, and risk-averse approval processes are not only stifling innovation but actively driving crypto businesses and talent offshore. This bureaucratic inertia is causing projects to seek more agile environments, potentially costing Japan its competitive edge in the rapidly evolving digital asset landscape.