Japan’s regulatory bottlenecks, not taxes, hinder crypto innovation, says WeFi CEO. Proposed 20% flat tax won’t solve issue. Listing tokens in Japan involves lengthy two-step process. Sakharov urges dynamic sandbox and risk-based approvals for domestic projects to stay competitive. Asia leads in tokenization, drawing global attention from investors. Hong Kong and UAE show progress in regulatory innovation, attracting capital.

Read more at Cointelegraph: Japan’s Approval Culture Is Blocking Crypto Growth: WeFi CEO