Cash, Coins and Casinos: Japan Struggles to Regulate Online Gambling
Cointelegraph
Published May 20, 2019 09:58AM ET
Updated May 20, 2019 10:22AM ET
Cash, Coins and Casinos: Japan Struggles to Regulate Online Gambling
Despite Japan’s reputation for being one of the most welcoming nations for fintech, online crypto gambling has struggled to take off in light of the country’s strict regulation. In late March, the blockchain-based, decentralized application (DApp) platform Tron announced that it would block gambling DApps in Japan, bringing the issue of regulating crypto gambling back to public attention. Cointelegraph takes a look at the legal and cultural approaches to gambling in Japan, along with how developers believe attempts to halt crypto gambling can only last so long.
On March 31, Tron announced in a press release that it would remove gambling DApps in Japan in order to comply with local regulation.
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Written By: Cointelegraph
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