Japanese financial firms are seeking new markets, and are viewing digital currency markets as a potential growth market. Currently, said corporations are limited by Japanese laws that permit banks from owning more than five percent of a venture outside of the financial sector, or more than fifteen percent in the case of bank holding companies.
Japanese entrepreneurs have noticed the void left by the collapse of Mt.Gox and have not only sought to create new exchanges, but also create their own ‘Made in Japan’ digital currencies. One of these is FujiCoin, created by an eponymous company in June 2014.