so they can institute AML controls and transaction reporting. impossible to do with bitcoin, but totally doable on their "G7-approved network". i'm so tired of people calling japan "crypto friendly". coming up with endless regulations and expensive licensing schemes and transaction reporting requirements isn't "friendly".
Thats a valid point right there, It seems that this news is getting overrated. What I am seeing right now is that this will never be good for us users as they haven't told the full details yet.
However for me adopting to this tech is still much better than trying to take it down which somehow makes japan open for it unlike others