According to Cointelegraph, WeFi CEO Maksym Sakharov pointed out that the main obstacle to the development of the Japanese crypto industry is not tax policy, but its "slow and risk-averse" approval mechanism. Currently, the listing of tokens or the launch of IEOs in Japan requires JVCEA self-regulatory review and FSA final supervision. The process takes 6-12 months, resulting in many local projects choosing to launch overseas.
Compared to more efficient regulatory frameworks in the UAE and Singapore, Japan has experienced multiple delays in areas such as token review and product change notification. Experts recommend that regulators adopt a "risk-based time-sensitive approval" mechanism and establish a functional sandbox environment to support staking.
WeFi CEO's Japanese approval mechanism hinders the development of the crypto industry
2025-07-26 13:02:16
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