The FSA reveals that 3.5 million people use cryptocurrencies in Japan

The reports reflect the intention of the financial regulator: to provide greater transparency.

The Financial Services Agency of Japan (FSA in its acronym in English), the highest authority on economic issues in Japan, has published, for the first time, national statistics on the trade of cryptoactive. According to data collected from 17 Japanese exchanges, there are some 3.5 million users in the country who move their finances with cryptocurrencies.

According to what was published by the FSA, the study and dissemination of internal trade statistics is the first step towards a meticulous evaluation of the institutional problems that lie in Japanese cryptospace; The regulator also announced that the number of people in the country who invested in margins and futures of cryptocurrencies was 142,842 by the end of March.

Likewise, the study shows that, from March 31, 2014 to 2017, the annual trading volume of Bitcoin grew from USD $ 22 million to USD $ 97 billion. A fact to take into account.

However, it should be noted that the trading of Bitcoin margins, credits and futures has increased from USD $ 2 million in 2014 to USD $ 543 billion in 2017.