Japanese e-commerce giant DMM.com is exiting cryptocurrency mining due to deteriorating profitability, planning to sell its mining equipment by the first half of 2019. This follows a similar move by GMO Internet to halt miner manufacturing. DMM's founder will focus on exchange and blockchain services.
DMM.com is reportedly leaving the crypto mining business after profitability worsened, while shifting focus toward exchange and blockchain operations. The move reflects broader pressure on Japan’s mining sector.
Japan boasts 12M verified crypto users and $34B+ in digital assets. FSA plans a 20% flat tax on crypto by 2026. Square Enix, Sega, Konami integrate blockchain. IP-rich ecosystem drives sustainable Web3 gaming expansion.
Japan is emerging as a serious Web3 gaming market, backed by 12 million verified crypto users, clearer regulation, major gaming IP, and active blockchain initiatives from leading publishers.
Japan is steadily building a Web3 gaming ecosystem around regulatory clarity, major entertainment IP, and a large crypto user base, with companies like Square Enix, Sega, and Konami already active.
Japan is quietly building a durable Web3 gaming ecosystem through clearer regulation, major entertainment IP, and a high-spending mobile gaming market, giving the country a distinct strategic advantage.
Japan's Financial Services Agency (FSA) registered Okcoin Japan as the 23rd licensed crypto exchange on March 30, 2020, demonstrating steady regulatory progress despite the COVID-19 pandemic.
Japan’s GMO has updated its bitcoin mining roadmap, saying reservations for its 7nm mining chips will begin in Q2 and mass production is expected in Q4, alongside expansion in self-mining and cloud mining.
