Yoshihide Suga is set to become Japan’s new Prime Minister after he was elected to lead the Liberal Democratic Party following Shinzo Abe’s resignation.
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Japan has a mixed relationship with cryptocurrencies. The country has seen two of the biggest crypto hacks in history, Coincheck and Mt. Gox, where $534 million and $460 million were stolen respectively.
Despite these damages, Japan hasn’t waged war against crypto—instead it has focused on regulating it. And Suga has played a part in doing so.