Topic: What did Japan do to manage 3.5 million trader in the country? (Read 103 times)
Simple, they just let crypto flourish in their land and imposed regulations that aren't strict but at the same time can't be abused by money launderers. As was said before, proper regulations without any form of corruption leads to growth, and satisfied citizens support their government in return. It somehow formed a symbiotic relationship between the citizens trading crypto and the government of Japan that the latter can ask for taxes on capital gains without the former getting aggressive about it. It also shows how advanced Japan is compared to other countries in aspects of technology and, well, caring for its people.
Recent data from the Japan Financial Services Authority show great interest in crypto, with 3.5 million active traders in the country. Most crypto traders are between the ages of 20-40, of which 34% in their are 30 years old. The Bitcoin business year alone has grown from $ 22 million in 2014 to $ 97 billion in 2017, with Bitcoin trading as a futures contract, even higher, rose from $ 2 million to $ 543 billion in the same period.
What does the Japanese government do to manage the trader?
What does the Japanese government do to manage the trader?
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