Mazrael, a veteran of the Shiba Inu community, highlighted Japan’s latest encryption push that will benefit the Shiba Inu.
According to Mazrael, Japan has just taken another big step towards becoming one of the most crypto-friendly economies in the world.
🇯🇵 Japan has just taken another big step towards becoming one of the most crypto-friendly economies in the world.
• Virtual currencies are becoming recognized as regulated financial products.
• The government is moving towards legalizing crypto ETFs.
• $SHIB Already on Japan’s JVCEA Green List… https://t.co/A05BOgkjdc pic.twitter.com/Gkxqam60kJ— Mazrael.Shib (@Mazrael_shib) July 11, 2026
This comes after virtual currencies were recognized as regulated financial products in the country. Last month, Japan’s House of Representatives passed a bill to move virtual currency regulation from the Payment Services Act to the Financial Instruments and Exchange Act.
The new rules, expected to take effect next year, will treat crypto assets as financial instruments, subject to tax breaks and stricter trading rules. It also opens the door to new products such as exchange-traded funds (ETFs).
Mazrael also highlighted Japan’s efforts towards legalizing crypto ETFs. Japan has expressed support for crypto exchange-traded funds (ETFs), moving it closer to integrating cryptocurrencies further into the mainstream financial system. Finance Minister Satsuki Katayama said the government is working on a legal framework to allow these investment products on the domestic market.
big win $SHIB?
More than 14 million crypto accounts have been opened in Japan, with growth driven by low-to-moderate income individual customers.
The Shiba Inu is already on Japan’s JVCEA Green List, making it easier for domestic regulated platforms to be listed, so they stand to benefit from this growing market. The JVCEA announced in November last year that it had added the Shiba Inu to its green list. This is important because being listed is like getting a Fastpass to a Japanese exchange.
$SHIB is also available through Mercoin, the Tokyo-based subsidiary of Mercari, a large Japanese e-commerce and marketplace app, increasing its access across Japan.
Japan opened a big door to the world $SHIB In April, it was listed on Rakuten Wallet, a cryptocurrency trading platform owned by Japan’s Rakuten Group. Shiba Inu is currently used in an ecosystem including Rakuten Pay, which has 44 million users. $SHIB To reach people who have never even thought about cryptocurrencies.
