Why Bitcoin is Big in Japan - page 21.

noormcs5

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Quote from: benalexis12 on February 09, 2018, 10:50:55 PM

Bitcoin in Japan is legal and they found it easy to transaction online. I think there's alot of option that they can use bitcoin. Some merchants and shops accepts bitcoin even Big malls accepts bitcoin. Hope it continues to adopt! neighboring countries will follow.

Japan is the only and one of the first country where Bitcoin is legal and is accepted anywhere without any issue. Government of Japan is in full favor of this digital currency. Japanese are always one step ahead in technology and they have adopted this digital currency technology from the beginning. The rest of the world has to follow Japan, else they will be left behind in this digital era.

delarossa

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MINTER

In my opinion is due to the inventor of bitcoin, ie Mr. Satoshi Nakamoto is a person of Japanese citizenship. maybe when the first time bitcoin or satoshi was created only for japan country only. and from now on bitcoin has grown very rapidly around the world.

KrishaBitcoin

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No wonder Bitcoin is big in Japan because almost 100% of the population is proudly supporting it because Mr. Satoshi is a Japanese and they are the founder of this coin in which it is right that all good credit for Bitcoin shall be earned by the country of Japan like the most Bitcoin, the most supporting country, the most convenient to use Bitcoin and many more good credits.

cpfreeplz

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None of those are really a reason for an everyday person to own Bitcoins honestly. The reason they're big in Japan is because it's a tech savvy country, the government there understands that they can't stop it so they embrace it and they have very clear guidelines on spending Bitcoins and how it's taxed (or in the case of visitors spending Bitcoin, it's not taxed at all). So... It's an ideal country to spend Bitcoins.

The_Dark_Knight

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Quote from: jseverson on January 17, 2018, 10:29:25 PM

Japan is known for being technologically advanced, so it's no surprise that the country as a whole embraces new technology. They know that technology must be nurtured, not feared.

People don't say it enough, but Japan's government also plays a huge role, being supportive of crypto in general. There are regulations, yes, but they're not overbearing, and they don't spout FUD like "stricter regulations will come". I'm sure it's easier to get into Bitcoin as a newbie if you don't have fears that the government will make life hell for you in the future.

This is critical the Japanese government took a look at bitcoin and understood immediately there is no chance to fight against it, so they decide the best thing they could do was to legalize it and regulate it, right now the benefits are not very obvious but as bitcoin becomes bigger and their citizens begin to earn more money with bitcoin and to use it for all kind of purchases and the government to collect more taxes, they will see they made the right move.

fusanti4455

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these countries are known for their advanced and advanced technology, hence they embrace some renewable technologies, because the role of the Japanese government is needed to support crypto in general. There are rules, yes, but not arrogant, I'm sure it's easier to get into Bitcoin as a newbie if you have no fear that the government will make your life hell for you in the future.

desi92

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Quote from: PlusCoinINK on January 17, 2018, 10:15:59 PM

-Miss Bitcoin
Mai Fujimoto, aka Miss Bitcoin on her social media platforms, figure-heads an attitude that seems to be crowing in the Land of the Rising Sun.

-Why the hype in Japan?
The attitude in places like China and even Korea is one of the people battling against the regulators. There is huge interest in these two nations from the citizens, but regulators have put their foot down.

-A good alternative
Bitcoin also comes at a great time for the investment-savvy Japanese as ultra-low interest rates from the deflation-battling central bank that has left investors scratching their heads for places to find returns on their cash.

Source: https://cointelegraph.com/news/bitcoin-its-big-in-japan

China had defeated cryptocurrency and it can be big there because its not allowed to use it in china.
The only one reason is because in japan, people free to use bitcoin because its legal. Spreading word about bitcoin will be easier because bitcoin is legal and governmet is the backer.

Selbit

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We know that japan is a modern technology, like bitcoin they embrace the knew invention. Good thing is that the government in Japan is not against in the bitcoin technology and Japan is one of leading bitcoin in the asia

Jjunpat

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Japan Government passed the Virtual Currency Act earlier in 2017 acknowledging formally bitcoin as a legal form of currency as a form of payment method as well. Their Bitcoin Trade accounts for about half of the global trade volume that total has actively rise and move in waves since the legalized last year. Japan on Bitcoin as legal is more popular than at any time and still one of the world’s most prosperous nations. Last year was a significant factor for investors because of impact on the demand from the time the value of Bitcoin. Asian countries must see Japan’s influence on Bitcoin.

1 currency now

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Quote from: Xavierfr12 on February 09, 2018, 09:23:18 AM

because japan is the most high quality of the gadgets like computer. and japan is know to very fast internet country in the world.

Japan is a large place for electronics, they like to use Bitcoins because it's the Hip method of paying for things with a smartphone.

Yazrielle

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unlike regional rivals China and South Korea, whose regulators have clamped down hard on the crypto-currency, Japan has welcomed it with open arms.They know the value of bitcoin and how far it will arrive.

WendellKelley234

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Bitcoin is supporting By Japan government and it is very positive matter for the cryptocurrency sector. japan is very prominent economically and have goodwill globally so it will help to execute Bitcoin in every transaction.

lucas_lewit

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Japan is one of the country has a modern technology that have been many countries admit it. So naturally if bitcoin becomes one of the things that are inherent with Japanese state. because there is always very detailed research on the world of cryptocurrency.

amzad

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Another reason for a Bitcoin Boom in Japan: Extra-low interest rate from deflation-battling central banks, investors are turning their heads to places to get their cash back.
Although Japanese are generally considered risk-based investors, they also exchange foreign exchange especially in the complexity of market complexity.

Baimovic

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yes, we see today that bitcoin development in sakura country is getting better and has no problem. unlike China which is the biggest country to trade crypto, but only makes bitcoin sick and fall.

it seems because bitcoin is already adapted to japanese state, so i think japan is more appropriate to adopt bitcoin.

and I'm sure bitcoin will not only be great in japan, but it will also be a bitcoin residence.

appleyard

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Quote from: PlusCoinINK on January 17, 2018, 10:15:59 PM

-Miss Bitcoin
Mai Fujimoto, aka Miss Bitcoin on her social media platforms, figure-heads an attitude that seems to be crowing in the Land of the Rising Sun.

-Why the hype in Japan?
The attitude in places like China and even Korea is one of the people battling against the regulators. There is huge interest in these two nations from the citizens, but regulators have put their foot down.

-A good alternative
Bitcoin also comes at a great time for the investment-savvy Japanese as ultra-low interest rates from the deflation-battling central bank that has left investors scratching their heads for places to find returns on their cash.

Source: https://cointelegraph.com/news/bitcoin-its-big-in-japan

Japan is one of the leading country in terms of technology or in IT industry specially robotics, so this is not so sensational if they are embracing crypto currency technology or the bitcoin technology. Important thing here is the government are not against bitcoin and they all know how the importance of bitcoin works.

Shreek

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if bitcoin is big and growing well in japan country, i think it's not weird and japan has good potential to be bitcoin center.

because Japan is the world's No. 1 technological country, so the Japanese country better understand about block-chain technology, and also the Japanese government can manage it well. all countries must learn from japan.

but if we ask about, why bitcoin is big in indonesia?
and this is a very interesting question!

Iceblast

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the big bitcoin in japan because of the japanese state policy that allows and legalize bitcoin in japan. this makes bitcoin market in japan country very good and stable different in country which have not officially legalize bitcoin will surely experience the price up and down because not yet too strong to be hit by issue.

kshmrcrs

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Ironically bitcoin’s price rise has only hastened concern among regulators. Pretty much weekly, if not daily, there are calls from one corner or another of the globe to severely restrict if not outright ban digital assets. Indeed, the near seven thousand island nation has been a definitive point of success for cryptocurrencies, and especially bitcoin, which are recognized as legal in the country. The third largest world economy is a fine experiment in a sea of countries which still struggle as to what to make of decentralized currencies.

radjie

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as we know Japan is the most developed country, especially in the field of technology. the Japanese government is able to support cryptocurrency because they know the technology of blockchain is a remarkable technology capable of creating a master of books across all global banks. Japan realizes the existence of a bitcoin digital currency is able to change the economy in the country because bitcoin is able to be recognized by all developing countries.

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