FinCEN

In the past 6 six months, the cryptocurrency industry has shown what it is capable of and how much profiting it can prove in the coming years. Since the beginning of 2021, the cryptocurrency industry has been nothing but in all greens. The sector has been gaining constant growth and adoption from people of all ages.

Whether it is old people, adults, or young, the industry has been experiencing vast growth and adoption among all age groups. With time, the cryptocurrency industry has gained so much recognition that the industry has now become one of the hottest topics among teens.

This is where Japan comes into the picture as it is one of the most advanced countries in the entire world. If there is any new technology introduced in the world, then there are high chances it is already there in Japan for at least a year.

Over time, Japanese people have become so much used to technology they no longer find it difficult to adapt to the new ones as they are introduced in the markets, and cryptocurrencies are no different.

When it comes to cryptocurrencies, even the teens in Japan were talking about the industry. Even the recent surveys carried out in Japan show that teenagers are most likely to invest in cryptocurrencies than any other asset.

As Japan is one of the hubs for cryptocurrencies, therefore, it is worth noting that crypto-adoption in the country will be widespread. The upcoming generations in Japan will be more used to investing in cryptocurrencies than the current generations.

This is the reason why the regulatory authorities from Japan are doing whatever is necessary to bring awareness among teenagers about the risks involved when investing in cryptocurrencies.

As the percentage of interest in cryptocurrencies continues to grow in the teenage group, the top regulatory authority in Japan has taken matters into its own hands to bring awareness.

Just recently, it was the Financial Services Agency (FSA) that took the liberty of addressing the concerns around cryptocurrencies to the teenagers in Japan.

The FSA warned the youngsters of Japan by issuing a warning where it has made them aware of the risks involved in investing in cryptocurrencies. The issuance of the warning comes after new legislation had been passed by the regulator around the age restriction for using cryptocurrencies.

Before the legislation was passed, the minimum age restriction for the usage of cryptocurrencies was 20. After the successful implementation of the legislation, the minimum age restriction has been lowered to 18 years.

Therefore, the FSA is ensuring that the teenagers who are soon to turn 18 are well aware of the risks and complexities of being linked with the crypto-verse.

LEAVE A REPLY

Please enter your comment!
Please enter your name here