Topic: In Japan, bitcoin-bonds were issued (Read 261 times)
I see that in Japan they continue to experiment with crypto currency. Japan is becoming a leader in the use of crypto currency, and the introduction of bitcoin-bonds introduces a variety in the use of bitcoin. Although it is not yet clear how the interest on the bonds will be, and what if, within a certain period of time, bitcoin just falls in price?
This is a three-year corporate bond in the amount of 200 bitcoins
Japanese company Fisco Ltd has issued bitcoin-bonds. As they look, it is not known. This is reported by Hashtelegraph.com.
Japanese company Fisco Ltd has issued bitcoin-bonds. As they look, it is not known. This is reported by Hashtelegraph.com.
It is old news, but is more like an experiment. The bonds were issued to a group company. So even if the price appreciates, the group doesn't lose over all. Otherwise, issuing Bitcoin bonds might be a foolish decision.
This is a three-year corporate bond in the amount of 200 bitcoins
Japanese company Fisco Ltd has issued bitcoin-bonds. As they look, it is not known. This is reported by Hashtelegraph.com.
Japanese company Fisco Ltd has issued bitcoin-bonds. As they look, it is not known. This is reported by Hashtelegraph.com.
Great news? Would definitely bring more investment into bitcoin, but what about the value? How would they deal with the increase and decrease in the value of bitcoin?
I think understanding the terms and conditions for these bonds would be necessary to analyze what impact they can make.
What if the terms just state that the value of 1 bitcoin is 1 bitcoin?
That would change things as it is not coupled to fiat value.
This is a three-year corporate bond in the amount of 200 bitcoins
Japanese company Fisco Ltd has issued bitcoin-bonds. As they look, it is not known. This is reported by Hashtelegraph.com.
Japanese company Fisco Ltd has issued bitcoin-bonds. As they look, it is not known. This is reported by Hashtelegraph.com.
Great news? Would definitely bring more investment into bitcoin, but what about the value? How would they deal with the increase and decrease in the value of bitcoin?
I think understanding the terms and conditions for these bonds would be necessary to analyze what impact they can make.
The talks about this appeared over a month ago though I'm still amazed that it seems almost everyone is liking cryptos too much in Japan, and the lawmakers are creating regulations suited for the use of bitcoin as a form of payment that can be audited. Also, it's not just the government who has a keen liking for the coin but also the investors which seem to be very welcoming about the new idea.
Though one thing, if the coins that was set into a bond lose value over time, I wonder how would they pay the debt or do they also take into account the value of 1 bitcoin after the deal was sealed?
The legal clarity has given Japanese companies a green light to experiment with blockchain products. Electronics retailer Bic Camera Inc. now accepts bitcoin as payment at certain stores, while Peach Aviation Ltd. plans to begin accepting it to book flights later this year. In finance, SBI Holdings Inc. last month began using a blockchain for currency remittance, while Sumitomo Mitsui Financial Group Inc. joined a consortium of companies that plan to use the technology for settlements.
Though one thing, if the coins that was set into a bond lose value over time, I wonder how would they pay the debt or do they also take into account the value of 1 bitcoin after the deal was sealed?
This is a three-year corporate bond in the amount of 200 bitcoins
Japanese company Fisco Ltd has issued bitcoin-bonds. As they look, it is not known. This is reported by Hashtelegraph.com.
Japanese company Fisco Ltd has issued bitcoin-bonds. As they look, it is not known. This is reported by Hashtelegraph.com.
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