According to Crypto Analytics Company Channelis, Japan’s recent policy changes have helped the country to double its crypto in the last one year.
In the top five markets of the Asia Pacific (APAC) region, Japan saw the strongest growth, its value increased 120% year-to-year in June to 120% year-to-year in June, according to a fraction of 2025 geography of the cryptocurrency report released on Wednesday, 120% year-on-year.
The head of the Channelis head APAC policy, Chage Ong, told Cointelegraph that the activity in Japan “reflects some trends that we saw in the global market, a sharp pickup in the trading volume in the fourth quarter of 2024, behind the US presidential election, after a taping.”
Meanwhile, Japanese Crypto Exchange Bitbank Chief Business Development Officer, Atsushi Kuwabara told CoinLeragraph that the company had seen “steadily increase in platform usage” for new and returning users from August from August to August from August to August.
Japan has seen to improve its crypto laws to align region rules with traditional securities market and change its taxation rules to reduce taxes on Crypto. Last month, the regulators of the country also gave the first Stabecrim to Yen.
“Japan’s growth is on the heels of significant progress in its crypto industry,” said the channelis. “For some time, regulatory restrictions have disrupted the list of stabecrims on domestic exchanges, although it is now changing.”
Ong stated that market activity in Japan has been stable relative to regional peers like South Korea, “but the use of crypto in the country is likely to promote the expectations of upcoming policy changes”.
“It is not surprising that there will be a pickup between the more favorable policy and tax environment expectations for crypto trading in the future.”
APAC region constantly sees crypto expansion
The channel’s report stated that the increase in crypto value in Indonesia, South Korea and India has doubled, with “continuous expansion but already with high base lines”, while 55% increase in Vietnam suggested a “mature market, where crypto is already embedded in departure and daily financial activity.”
The company found in its report earlier this month that the Asia Pacific was the fastest growing area in the world in terms of “onchain price received,” India topped the index of its global adoption index.
Channelis stated that in the future, the market would “be looking at curiosity” how the USDC (USDC) and the recently greened JPYC gain tractions such as Stabelines, Channelis, said.
Stablecoins are a boon to adopt this field
Ong stated that Stabecoins “APAC’s crypto adoption trends are becoming a major component,” and are prominent in many markets in the region.
He said that South Korea, especially, saw banks “curious interest” in the development of stabechoin laws, and Channelis reported that Stabycin Trading Volume jumped more than 50% earlier this year, with a total purchase to $ 59 billion.
Ong said, “USD-supported Stabecrim has received significant traction in that market.” “It will be interesting to see if that dynamic change when we eventually receive stabechoin won.”
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He said that Australia “will be an interesting one to see in the future” with its recent changes in Stabelin’s treatment.
“Even though the law has slowed down to reduce the law, regulators have recently licensed a stabelcoin under the current financial services regime, and have taken steps to facilitate the use by providing regulatory relief to the distributors,” said Ong.
Case using Crypto varies widely by the country
Channelis reported that the top five growing markets in the region had “different ways in Crypto,” each had different cases of use; However, remittance was a recurring subject.
India noticed that young adults used crypto to trade their income to promote their income, while a large number of Indians outside the country used crypto to dispatch. Vietnam used Crypto as “everyday infrastructure for dispatch, gaming and savings rather than speculation.”
Meanwhile, there is a “young, mobile-first population” in Pakistan, which uses Stabelcoin as a hedge against inflation and as a hedge, while South Korea traded Crypto, “almost equity-like” like new laws “as new laws” reopening the activity on major domestic exchange “as” new laws “,” said the channels.
It states that the so -called “small markets” from Australia, Singapore and Hong Kong saw steps to align policy and regulatory rule, which was the target for more and clear inspection of the region.
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