Japans primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. With the acquisition of the accreditation, they'll continue to make further efforts to create an industry that people can trust from everyone who uses virtual currency with members exchanges. Do you think we'll see this happening in other countries anytime soon?
Japan has always been a kind to crypto in general. Last year before all the hype happened in crypto there was a news about one card company that would accept you to pay them to fill the card with crypto if you want and would be accepted at over 260 thousand places all over japan.
You wouldn't be technically paying them crypto but the card will turn your crypto into fiat and the stores would be taking fiat whereas you would be spending crypto, which is the best way for adoption right now in crypto world.
In a country that accepts crypto at over 260 thousand stores I think it is not a surprise that regulations are much better than most other countries that tries to over regulate or over tax the crypto companies to squeeze as much money as they can from them making them barely survive.