Japanese crypto investors have been known for their passionate support of . Indeed, at one point in Japan, XRP was more popular than . Yet, the official data from the Japan Virtual and Crypto Assets Exchange Association, or JVCEA, the self-regulatory organization approved by the Financial Services Agency, or FSA, shows that XRP is losing its charm in Japan.
We already saw the “XRP army” shrink in the English speaking region. As XRP’s price stagnation continues, the same thing is happening in the Japanese market.
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