Bitcoin Surges Past ¥10 Million as Institutional Adoption Accelerates

Bitcoin surpassed ¥10 million per coin on Tuesday, reaching a milestone that reflects growing institutional interest from Japanese financial firms.

Several major Japanese financial institutions have announced or expanded cryptocurrency custody and trading services in recent months, citing client demand and regulatory clarity from the Financial Services Agency (FSA).

The FSA's updated guidelines for crypto asset service providers have been credited with reducing uncertainty and encouraging broader participation from established players.