BlockchainWork Interview with JCBA: Japan’s Crypto Journey and Vietnam’s Future

At WebX 2025, Asia’s leading Web3 conference in Tokyo, BlockchainWork had the opportunity to sit down with Mr. Seiji Yuki, Executive Managing Director of the Japan Cryptoasset Business Association (JCBA). The discussion was hosted by Tien Le, CEO of BlockchainWork, Vietnam’s leading blockchain talent platform.

About BlockchainWork: Founded in Vietnam, BlockchainWork is the country’s leading blockchain talent community, connecting employers, professionals, and educational institutions. With over 10,000 candidates and over 300 partner companies, BlockchainWork is expanding across Southeast Asia.

About JCBA: JCBA was founded nearly 10 years ago, at a time when most people in Japan were unfamiliar with crypto. JCBA acts as a bridge to regulators and participating in policy-making for Japan’s crypto laws. It grew from a collaborative group to a well-established membership organization with about 150 members. Its working groups cover diverse areas such as stablecoins, NFTs, DeFi, blockchain gaming, and taxation.

>>Read more: Recap: WebX 2025 – A Convergence of Global Web3 Vision

Interview with Mr. Seiji Yuki

BlockchainWork: What were the biggest challenges JCBA faced in the beginning, and what challenges exist now?
Mr. Seiji Yuki: Japan was among the first countries to adopt crypto, but unfortunately, after two years, major hacks occurred. As a result, the Japanese Financial Services Agency (FSA) became hesitant, and the industry entered a “crypto winter” lasting several years. During this time, countries like the US and China kept growing, while Japan stayed silent.

However, about two to three years ago, both the government and politicians changed their stance. Now, they are actively supporting the crypto industry as one of Japan’s key growth sectors.

BlockchainWork: How do you see the role of blockchain in traditional finance, such as banks and securities firms?
Mr. Seiji Yuki: Everyone recognizes blockchain as a powerful system. In Europe, Singapore, and the US, banks are already allowed to engage in crypto business. But in Japan, the government remains cautious, so only startups are active in this space for now.

Still, many trust banks want to work with stablecoins and blockchain. I believe that within two to three years, traditional banks and securities firms—like Nomura and Daiwa—will re-enter the crypto market in a significant way.

BlockchainWork: Vietnam is still in the early stages of setting up crypto regulations. From JCBA’s experience, what advice would you give?
Mr. Seiji Yuki: JCBA acts as a bridge between government and industry. We listen to businesses and communicate their needs to policymakers, while also encouraging compliance with government requirements.

This middle position is very important. The same happens in Taiwan, Hong Kong, and Korea, I joined many conferences there, the blockchain businesses sends many opinion letters to the governments but takes a lot of time and may not get responses, associations like us in these countries act as effective bridge for communications and policy changes. I believe Vietnam could benefit from a similar model.

BlockchainWork: How do you view the potential of Vietnam’s blockchain market?
Mr. Seiji Yuki: Vietnam has a young, diligent population and is quick to adopt crypto. Most of Japanese know that. If blockchain and crypto businesses are allowed to grow, Vietnam could become one of the key countries in this industry in Southeast Asia.

BlockchainWork: Thank you for joining the interview and sharing your insights

>>Join now: Vietnam blockchain community – BW

Closing Remarks

Both sides recognized the importance of close cooperation across the region to build strong regulatory frameworks and accelerate blockchain adoption.

With Vietnam’s growing talent base and Japan’s mature regulatory experience, there is strong potential for collaboration to shape the future of blockchain in Asia. As Vietnam’s leading blockchain talent platform, BlockchainWork is committed to building the Vietnam’s blockchain workforce, creating pathways for young professionals, and connecting them with global opportunities.

BlockchainWork

BlockchainWork – Leading blockchain talent community in Vietnam

• BlockchainWork website: https://blockchainwork.net/
• Post blockchain job FREE: https://blockchainwork.net/employer-signup
• Contact us: contact@blockchainwork.net
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