Open House, a Tokyo Stock Exchange-listed real estate company, has announced that it now accepts XRP, Solana (SOL), and Dogecoin (DOGE) as forms of payment. This marks a significant advancement in the firm's operations and the mainstream adoption of cryptocurrencies.
Open House Accepts Cryptocurrencies
In January, Open House began to accept cryptocurrency payments, demonstrating its interest in digitization. The addition of XRP, SOL, and DOGE significantly expands this sentiment. These altcoins will join Bitcoin (BTC) and Ethereum (ETH) transactions. The firm recognizes the increasing demand among its customers for crypto transactions, saying the demand for transactions in this class of assets is huge. To Open House, cryptocurrency is a pillar of growth. “This expansion ensures our global clients greater flexibility in their investment process, subject to compliance with their country’s regulations,” the firm wrote. Apart from accepting crypto payments, Open House has advocated for integrating crypto and blockchain.
Crypto Regulation in Japan
Japan's engagement with the crypto industry goes back to 2022, and one such initiative is sponsoring a research initiative on Bitcoin’s Lightning Network. Japan is generally one of the leading countries in terms of crypto regulation. At the beginning of this year, Japan’s Prime Minister Shigeru Ishiba reiterated how important crypto adoption, digital assets, and Web3 are to the country’s development and innovation. A month ago, Japan’s Financial Services Agency (FSA) took action against unregistered exchanges, reinforcing the country’s strong regulatory stance on digital assets. Bybit, Bitget, MEXC, KuCoin, and Bitcastle were some of the exchanges affected by the authorities’ actions.
Regulatory Changes in the US
Before now, such actions in the United States were seen as a ban, due to the Securities and Exchange Commission’s (SEC) regulation-by-enforcement approach. However, the landscape has improved recently with Donald Trump as President. More favorable regulatory frameworks and policies are now live. The changes in America’s crypto industry are evident, especially with the SEC dismissing its lawsuits against a few crypto exchanges. Coinbase, Uniswap, Gemini, and Robinhood are some beneficiaries of the SEC’s new stance.
In conclusion, Open House’s move to accept cryptocurrency as a form of payment highlights the growing role of digital assets in the global economy. Regulation in Japan and the US supports this trend, ensuring a safer and more controlled environment for crypto operations.
