Japan’s Crypto-Asset Market Entry Threshold and Jasmy’s Core Business Value Advantage Explained
Q24. Is there any threshold for Japanese investors to trade digital currency assets?
In Japan, to purchase crypto assets, you need to open a personal or legal entity cryptographic asset account. There are not many conditions. As long as you have completed real-name authentication and are living in Japan, you can use a Japanese bank card to purchase and trade cryptographic assets. Anyone in Japan aged between 20 to 80 years old can open a digital currency account.
However, all exchanges in Japan only offer trading pairs in different tokens and fiat currencies (Japanese currency). No token trading pairs are offered. More similar to the stock market.
(* Note: encrypted asset is a Japanese term, which means “crypto asset”)
Q25. What about the age distribution of investors in the Japanese token market?
The key players of the market are within the 30–40 age group, while in recent years, the number of young users in their 20s is gradually increasing. It means that the main force of the investment market is getting younger.
Q26. The data above shows that the token market in Japan has also gradually been joined by more young users in recent years. What is the approximate number of investments in digital currencies in Japan?
The proportion of individual accounts is relatively high relative to Japan’s population (125.62 million people as of the end of 2020), and the number of individual accounts and active accounts has been growing in recent years, from 2.85 million in 2018 to 3.31 million. Compared to developed countries such as the United States, the total number of individual accounts of cryptographic assets in Japan is still relatively low.
Q27. The Bank of Japan recently launched a central bank digital currency trial, which will last for one year. And the governor of the Bank of Japan is also following closely the actions taken by other central banks on digital currencies. So what implications will there be if Jasmy can be successfully launched in the Japanese trading market?
If things go well, Jasmy will be the first domestically created coin in Japan to be whitelisted by the Financial Services Agency after the compliance of the Japanese cryptocurrency trading market.
Its impact will be no less than that of a new wealth creation legend in the cryptocurrency world.
So let’s take a deeper look at JASMY.
JASMY is a company that develops infrastructure that provides data security and sharing services in the Internet of Things era — the “JASMY Platform”, which is dedicated to protecting data owned by individuals and building a decentralized autonomous world as a way to share the value of data.
The essence of Jasmy’s business model is that platform users are the actual owners of their data and shall enjoy ownership of them. Therefore, users shall get the corresponding even more value and revenue from their data.
Q28. What is Jasmy’s core business value advantage?
On Jasmy’s distributed management data platform, all platform users will have their own “Personal Data Locker” and become the owner of their data. So in the crypto market, Jasmy is undoubtedly the value choice for industry players, both in terms of security and compliance, as well as revenue and prospects.
Moreover, Jasmy has already partnered with large companies in developing and upgrading the Jasmy Platform and innovative solutions to realize its commercial implementation as soon as possible. These include SONY, Nishimura & Asahi, Japan’s largest call center Transcosmos, Witz — a listed company specializing in auto software systems, the leading IoT company Aplix, the top AI and embedded device technology developer JNA, and DAIWABO.