The Henbbo Foundation continues to expand its presence in the Asia-Pacific region. Currently, our efforts are focused on the Japanese cryptocurrency market, and one of the steps in this expansion is the addition of Japanese language support on our investment online platform.
Japan is home to nearly 126 million people, ranking it eleventh in the world by population. The Tokyo metropolitan area, which includes the capital and several nearby prefectures, with a population of over 30 million, is the largest in the world.
In major Japanese cities such as Tokyo, Yokohama, Osaka, Kyoto, and others, digitalization is widespread. Due to the broad access of Japan's population to the global network, the most advanced digital technologies based on WEB3.0, artificial intelligence, and decentralized networks are being widely adopted here.
Japan previously implemented strict regulations on cryptocurrency trading following two major exchange hacks. As of June 1, 2023, Japanese authorities have also introduced stricter measures to combat money laundering through cryptocurrencies.
Now, Japan's regulatory framework requires cryptocurrency exchanges registered in the country to conduct mandatory customer identity verification, keep client assets separate from company assets, and regularly report to auditors.
Currently, with a stable foundation, Japan is pursuing its own strategy to become a leader in the field of WEB3.0 and blockchain. Thanks to the significant interest from traders, investors, and ordinary users, Japan's cryptocurrency market continues to grow.
All of this makes Japan a highly attractive location for our company to expand its cryptocurrency business and launch various innovative blockchain projects.
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