Crypto Gambling Regulations Struggle in Japan
Japan usually embraces new technology in all forms. However, the Japanese government is very cautious when it comes to dealing with the gambling industry. Stringent gambling laws make it very difficult for blockchain gambling startups to enter the Japanese market.
TRON’s decision to start blocking all blockchain gambling DApps on Japan’s territory came as a massive blow to some businesses already accepting players from the land of the rising sun.
TRON promised to cooperate with the Japanese authorities to enforce national regulations. Gambling DApps developers are advised to block Japan IP addresses.
It is rumored that TRON’s CTO, Lucien Chen, resigned his post because he believes that the project should not get involved in issues of national regulations. Some see it as a sign of unnecessary centralization.
Is there a future for crypto gambling in Japan?
Japanese sports fans are keen to use online sports betting websites thanks to the growing popularity of the US and European sports such as football and basketball. Right now, most are using international betting platforms, which means commissions and currency conversion fees. Legalization of online sports betting is only a matter of time for Japan, according to opinions from some government officers.
Global demand for online betting services is growing, and Japan is sure to join. That is where DApps and cryptocurrency can be useful.
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