What is the significance of Japan's double-layer regulation in the crypto world?
bitFlyer Co-Founder on Crypto Markets

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Business, Social Studies
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It allows for more lenient trading practices.
It reduces the need for audits.
It ensures customer asset protection.
It increases the speed of transactions.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the FTX incident affect the confidence of retail traders?
It led them to move assets offline.
It encouraged more investments in FTX.
It had no impact on their confidence.
It increased their trust in exchanges.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential impact of Japan's strict regulations on foreign customers?
It may attract them to Japanese exchanges.
It has no impact on foreign customers.
It may deter them from using Japanese exchanges.
It encourages them to use unregulated exchanges.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main challenge in managing crypto assets offline?
Difficulty in managing private keys.
High transaction fees.
Lack of regulatory oversight.
Increased risk of hacking.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key feature of Japan's regulatory model for crypto?
Combining customer and firm assets.
Mandatory third-party audits.
Unlimited use of client assets.
No need for financial disclosures.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current maximum tax rate for crypto in Japan?
75%
55%
35%
20%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected outcome of Japan's tax reform discussions?
A decrease in the maximum tax rate to 20%.
No change in the current tax system.
A new tax category for initial exchange offerings.
An increase in the maximum tax rate to 75%.
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