Maksym Sakharov, CEO of WeFi, which is basically a bank but for the internet and cryptocurrencies—because why not complicate things?—is here to tell us Japan’s regulatory process is slower than a sloth on a coffee break. Japan’s two-step approval from JVCAEA (which sounds like a boy band from the ’90s) and the FSA takes 6–12 months. Six. To twelve. Months. This glacial pace isn’t just frustrating; it’s practically a one-way ticket to “Launch Abroad” Express. Startups are like, “Nah, we’ll just go to Singapore and pretend we’re not fleeing your paperwork tsunami.” Sakharov is basically begging Japan to treat crypto startups like actual businesses instead of potential terrorists. “Just give us a sandbox!” he yells into the void. “Or at least a napkin and a pen!” So, Japan, if you want to keep your crypto innovators from fleeing to greener pastures, maybe trade the red tape for a little trust and a sandbox where they can actually play. Or, you know, just speed things up. 🚀
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2025-07-26 16:41