Japan's crypto asset accounts have exceeded 12 million, with user deposits surpassing 5 trillion yen, according to the 2024 report by the Japan Virtual and Crypto Assets Exchange Association (JVCEA). The report highlights a significant increase in the holding rates of major cryptocurrencies like Bitcoin and Ethereum. Since 2018, Japan has enforced a mandatory registration system for crypto asset trading platforms, enhancing regulations in 2019 and 2022 to increase cold wallet storage ratios, advertising standards, and cross-border transfer disclosures. The Financial Services Agency (FSA) maintains a strict stance against unregistered operations and is closely monitoring emerging sectors such as decentralized exchanges (DEX), stablecoins, and staking, indicating a trend of expanding regulatory oversight.