Japan: multiple fold increase in crypto interests – inquiries up by 170 percent

Lately, the Consumer Affairs Agency (CAA), which is the administrative authority of the Cabinet Office dedicated towards consumer welfare and protection, has been receiving an incessant number of inquiries relating to cryptocurrencies and blockchain. The year 2018 has seen one hundred and seventy percent (170%) escalation in crypto-related queries. In its report submitted to Cabinet Office, CAA publishes matters related to consumer rights protection and growing concerns over cryptocurrency’s usage. While the Whitepaper on Consumer Affairs for the year 2018 was recently translated to English, the 2019 English version is yet to be released. Consumers cannot seem to stop contemplating