Co-founder of Coincheck (a leading Japanese cryptocurrency exchange run by Monex Group) Yusuke Otsuka suggested that the gaming industry in the country is massive, and believes that it will form an intricate part of the blockchain industry.

In March, Hironao Kunimitsu, president and founder of gumi (a blockchain-based game launched in Japan) stated:

“Through the new guidelines, we aim to help our users use content with peace of mind and contribute to the healthy development of the blockchain contents industry in Japan.” 

Ambiguous regulations are in place – especially related to gambling and tokenised platforms which rely on the betting or chance to win digital currencies – might lead to obstacles in future companies taking off. However, as regulations become more clear, the integrated industries will have enough space to evolve.