Higashi, the co-founder indiesquare and Japanese cyptocurrency researcher, revealed Japan, the largest bitcoin market in the world in terms of daily trading volume, has friendly and loose regulations for bitcoin businesses and investors.

The industry is feeling more top-down(bottom-up), like a financial sector, now and the technical development isn't catching up with speculative demand at all, Higashi said.

Essencially, Higashi believes the freedom the Japanese gov has provided to the Japanese exchanges and the trading platform

The implementation of relatively and small-scale altcoins like a Pepecoin, which is not listed on Coinmarketcap's top 100 cryptocurrencies rank, could mislead consumers to believes its a major cryptocurrency and a competitor to the bitcoin, when it really is not.

Like initial coin offering tokens, the global cryptocurrency market itself has to mature to a point wherein investors make sound decision to differentiate quickly cash grabs and legitimate projects, altcoins, and crypto-tokens

Japan also remain as the only market have imposed a national license for cryptocurrency exchanges, allowing the market to operate with stability as Higashi emphasized.----+