The scale of dealing in cryptocurrency in Japan has become clear.
On April 10, the FSA held the “Study Group on cryptocurrency Exchange Industry etc.” for the first time to discuss regulations and problems.
According to the data submitted by the Japan cryptocurrency Exchange Association, the number of customers in in-kind trading of cryptocurrency is 3.5 million as of March 2018.
3% of Japanese were handling transactions of cryptocurrency.
Especially 20s and 40s were enthusiastic.
There were 2000 elderly people who were handling cryptocurrency in their 80s and over.
Among Japanese cryptocurrency investors, 77% of the assets deposited in the exchange were less than $ 1,000.
18% owners of assets of $ 1000 to $ 10,000.
Only 0.02% had assets of over 100,000 dollars.
As of March 2018, this statistic does not include an account of a major exchange’s bit flyer with respect to the assets under custody.
Also, the assets that Japanese are depositing in overseas cryptocurrency exchanges are not included in the calculation.
There are also many investors who were preparing investment funds in bank accounts because of concerns about depositing funds on cryptocurrency exchanges.