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Topic: [2017-05-02] Over 10 New Bitcoin Exchanges Set to Launch in Japan (Read 11874 times)

hero member
Activity: 490
Merit: 501
This is quite a big news for Bitcoin holders everywhere. Japan is now part of the leading nations all out to exploit the many advantages of recognizing Bitcoin. As one of the pioneers, I am sure that Japanese have big plans for Bitcoin and anything they do can have positive ramifications for all of us as the value of Bitcoin will continue to make a rampage.

Soon nations who failed to recognize Bitcoin will just salivate because of the missed opportunities they let go when they would see Japan enjoying the Bitcoin blessings.

We should expect more and more Japanese to get into Bitcoin spurred by these new Bitcoin exchanges right on their footsteps. It is time to end China's Bitcoin leadership.
legendary
Activity: 1232
Merit: 1091
I am not sure that this is good news. We need strong exchanges, well capitalized and with proven security practices.
If a new exchange gets hacked, it could lead to "Bitcoin is unsafe" warnings yet again.

Bitcoin as a whole is growing. Exchanges popping up is just one aspect of it. Entirely, there are plenty of services and other crypto oriented organizations looking to benefit from the increased popularity of Bitcoin and everything around it. Sure, it may lead to exchanges and other services going down for whatever reason, but it's something we can't avoid. Basically every current exchange can turn into another MtGox at any moment. It just requires the operators to go nuts and walk out with potentially hundreds of millions in funds. I wouldn't worry that much about new exchanges.
hero member
Activity: 2632
Merit: 833
I still consider this a good new for bitcoin. We all know how Japan embraces bitcoin so its only logical for them to put a lot of exchanges in their country. Although this exchange have to comply to government regulations like KYC and AML, this is just about normal process. I'm only hoping that those exchanges should have a tight security in place because hackers now are targeting exchanges and stealing bitcoin, like what happened to South Korean exchanges recently.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
I am not sure that this is good news. We need strong exchanges, well capitalized and with proven security practices.
If a new exchange gets hacked, it could lead to "Bitcoin is unsafe" warnings yet again.
Decentralisation of exchanges is important to avoid problems with them causing a huge dip to Bitcoin's price like Mt. Gox did.  Even moderately well regulated exchanges can't be relied on properly - the important thing is that it's difficult to create an exchange without following government requirements, meaning that the gap between the reliability of different exchanges isn't as huge as it is in the West.

full member
Activity: 141
Merit: 100
I am not sure that this is good news. We need strong exchanges, well capitalized and with proven security practices.
If a new exchange gets hacked, it could lead to "Bitcoin is unsafe" warnings yet again.

I do not think that now news about the hacking of the stock exchange will be a big loss for the bitcoin community. The people's confidence in this cryptocurrency is already much higher than a few years ago. And the fact that there are new exchangers is very good news
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
I am not sure that this is good news. We need strong exchanges, well capitalized and with proven security practices.
If a new exchange gets hacked, it could lead to "Bitcoin is unsafe" warnings yet again.
sr. member
Activity: 1372
Merit: 348
This is a great news and possibly the reason why Bitcoin price keep on rising despite the fact that Bitcoin still have an unresolved scalability and political drama.  It seems this kind of news together with the ETF decision review bring in more hype than expected since I never expected bitcoin price will increase in price this fast.
full member
Activity: 266
Merit: 100
There is nothing surprising. I am waiting this kind of news from poor African countries
member
Activity: 114
Merit: 100
Over 10 New Bitcoin Exchanges Set to Launch in Japan

As Japan becomes a friendlier place for bitcoin with embracive legislation, over 10 Japanese companies are reportedly launching bitcoin exchanges to capitalize on the growing demand for the cryptocurrency.

According to a Nikkei report, the cryptocurrency industry Japan is about to grow exponentially with over 10 new exchange platforms – trading bitcoin and other virtual currencies – seeking to enter the market.

https://www.cryptocoinsnews.com/10-new-bitcoin-exchanges-set-launch-japan/
And really in the field of crypto currency, I go ahead of it on the whole planet. Already have never met information about the fact that the Japanese raised a very strong and the excitement in the market of crypto currency buy more and more.
tyz
legendary
Activity: 3360
Merit: 1533
Over 10 New Bitcoin Exchanges Set to Launch in Japan

As Japan becomes a friendlier place for bitcoin with embracive legislation, over 10 Japanese companies are reportedly launching bitcoin exchanges to capitalize on the growing demand for the cryptocurrency.

According to a Nikkei report, the cryptocurrency industry Japan is about to grow exponentially with over 10 new exchange platforms – trading bitcoin and other virtual currencies – seeking to enter the market.

https://www.cryptocoinsnews.com/10-new-bitcoin-exchanges-set-launch-japan/
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