Why Bitcoin is Big in Japan - page 9.

Englebabylove

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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

https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wOTAzNmU2NTEzYzJhYzVkMzc2ZDRhMGMxMWNiOTA4NC5qcGc=.jpg

Japan was one of the first countries to accept bitcoin. People in the government accept bitcoin, so bitcoin is highly regarded in Japan. Many stores accept bitcoin, and some companies use it to pay their salaries.

Ahimoth

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Quote from: jhamz03 on March 24, 2018, 12:43:52 PM

Firstly, unlike regional rivals China and South Korea, whose regulators have clamped down hard on the crypto-currency, Japan has welcomed it with open arms. In April, japan passed a law recognising bitcoin and other virtual currencies as legal tender -- while also stressing the need for transparency and financial stability. Many well known japanese businesses have started accepting payment in bitcoin and one firm made waves when it said it would pay part of its employees' salaries in the currency if they wish. And furthermore the involvement of big companies, the sense of security derived from government approval and media exposure really brought in a whole new group of people to the market.

It's because Japanese are the pioneers of technology. They are the one who understand well the technology behind bitcoin, the blockchain technology. And because have not banned bitcoin unlike in other countries. They are legalizing bitcoin in Japan. Also, people say that the inventor of bitcoin is a Japanese.

jhamz03

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Firstly, unlike regional rivals China and South Korea, whose regulators have clamped down hard on the crypto-currency, Japan has welcomed it with open arms. In April, japan passed a law recognising bitcoin and other virtual currencies as legal tender -- while also stressing the need for transparency and financial stability. Many well known japanese businesses have started accepting payment in bitcoin and one firm made waves when it said it would pay part of its employees' salaries in the currency if they wish. And furthermore the involvement of big companies, the sense of security derived from government approval and media exposure really brought in a whole new group of people to the market.

dynospytan

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Maybe the reason is because Satoshi Nakamoto, the founder of bitcoin lives in japan. Aside from that Japan is the most advance when it terms of technology in the whole world so its no wonder that bitcoin is popular in Japan. It's is one factor of having a advance technology to make bitcoin more popular in Japan that's why a lot people there maybe are bitcoin earners.

rosepetals

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Quote from: zxcv cool on March 24, 2018, 10:51:55 AM

The Japanese are interested in investing in new things. They like the new way of investing, and the BTC is very profitable. They like it.

Quote from: Cobalt9317 on February 09, 2018, 01:59:01 AM

Since the introduction of the bitcoin in Japan by a miner I don't remember the name, it becomes popular because of the convenience it brings to the individual. not only that they also know that bitcoin possess anonymous transaction which fundamentally adapted by Nippon.

Japan made bitcoin as their way of payments maybe because the one who created it was a Japanese named Satoshi Nakamoto,eventhough he remains anonymous up to this very moment but people became satisfied on its concept of making transactions anonymously.Japan plans to hold bitcoin and other cryptocurrencies and lead the way for more improvements and to spread the bitcoins platforms and goals.Many people that bitcoin had been able to help in lifting up ones living and this is such a rare opportunity that we have nowadays.People will find some ways to be a part of our community and contributed alot on the increasing demands of bitcoin in the market.

Hudadahuda2018

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Quote from: jassanpary on February 09, 2018, 01:49:11 AM

I think Japan's is pro bitcoin approach could be the reason why bitcoin is big in Japan people in Japan are more interested in the bitcoin because rules and regulations are not so rigid should be very flexible there and also official, that's why it is big in Japan.

A good opinion and I like your opinion.
Bitcoin has a big Japanese name because one thing is bitcoin inaugurated Japanese so many people can use it, let alone bitcoin is very influential on everyone so many people who want to use it.

zxcv cool

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The Japanese are interested in investing in new things. They like the new way of investing, and the BTC is very profitable. They like it.

lovesybitz

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Bitcoin in Japan was already regulated to this country anyway. That is not astonishing actually why it is big in Japan. Also as we all know Japan is the nation where the technology is always updated and giving us a new innovative technology especially in this kind of industry in digital currency. Which is the reason why most of the businesses in Japan are bitcoin accepted as payment.

Razick

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This might have to do with the fact that bitcoin originated in Japan. The name satoshi Nakamoto is japanese too. Also Japan has one of the most tech savvy population in the world, they're are good with computers and techs and so things like cryptocurrencies is not hard for them to adapt to as they already know how it works and how to handle things like it.

fritzbird

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I think it's big there because they accept and embrace bitcoins. A nation that is exceptionally advance in
technology and innovation like japan will always be in the forefront of newer solutions. They are so well
adaptive in utilizing and circulation of cryptocurrency and is so open minded with bitcoin's block chain technology.
It's a really big advantage for nations that can adapt and somehow innovate at the same time with new trends
in the market. They are a model nation that seems to be the hub of new technologies and cryptocurrency
is a part of that.

bncbnc

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Quote from: @ophiuchuss13 on March 23, 2018, 04:04:19 PM

Japan is a country with a developed economy and infrastructure, the only country in the world that owns advanced technologies and looks to the future. it is not surprising that their attention is drawn to the crypto currency, as this is the currency of the future. In April, Japan passed a law recognizing the bitcoin and other virtual currencies as well as the need for transparency and financial stability.

Japan is a economic country and i think that they know the importance of crytpo currencies therefore they are giving more preference to online currencies, they are the first who have taken the step and i think that other countries will very soon follow them, because in modern time the importance of crypto currencies cannot be ignore.

RioAnjay

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Japan is the country that gave birth to bitcoin. The development of bitcoin in the country of his birth would be interesting for people in the world to see many other countries that prohibit the circulation of digital currency.Japan as a country that pioneered the use of bitcoin continues to make improvements so bitcoin can be accepted and used as a means of payment legitimate. Bitcoin is also being developed so that the deficiencies of bitcoin can be eliminated and countries that prohibit the circulation of bitcoin because of future risks are expected to use bitcoin when bitcoin stability can be done.

Viyamore

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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.

I will have to agree in everything you have said. Japan is known for being high tech and advanced that makes it very adaptable to bitcoin
Japanese are very lucky to have a government that truly supports its existence and that partakes for the continuous improvement of advancement for bitcoin.

Human_Copy

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Traditionally and culturally Japanese are one of the most optimistic people if we're talking about investments. A country of excellent technology so they're seeing bitcoin as a great opportunity which they can earn more. No wonder why its it's big in Japan.

kyucryp

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in my opinion because the Japanese state already recognizes bitcoin as a legitimate payment tool. bitcoin-related laws have also been created. This has caused most bitcoin transactions done in the Japanese market. This is what makes the big bitcoin in Japan

kodtycoon

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I'm not surprised if bitcoin can be big in japan, because as far as I know japanese society has more interest in something new, therefore many japanese people use or accept bitcoin. With so many people using a product for example, it will obviously boost the product itself to be huge.

weblaraveluser

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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 actually planning to become the center of cryptocurrency but suddenly this days there is a news where a huge amount of cryptocurrency has been stolen from japan and that's the reason why the prices in the market today is decreasing massively.

@ophiuchuss13

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Japan is a country with a developed economy and infrastructure, the only country in the world that owns advanced technologies and looks to the future. it is not surprising that their attention is drawn to the crypto currency, as this is the currency of the future. In April, Japan passed a law recognizing the bitcoin and other virtual currencies as well as the need for transparency and financial stability.

Indra32

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Quote from: yangxianzhi on March 23, 2018, 12:43:30 AM

A new reform is often easier to implement and operate in less populous countries, and Japan is relatively a relatively advanced technology country. It may be easier to explain this reform measure.

No wonder why it's big in Japan. A country with excellent technology so they see bitcoin as a great opportunity that they can generate more.
Traditionally and Japanese culture is one of the most optimistic people if we talk about investment.

Osakrita

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Quote from: mkhjhv on March 05, 2018, 10:03:32 PM

Quote from: Sar elok on March 05, 2018, 09:50:09 PM

Bitcoin grow and big in Japan because of the bitcoin started from there and the Japanese public received it very well. In the United States, already in the bitcoin accept well. Bitcoin is just not in the received by developing countries because of the corruption and money laundering practices is very high.

The development of cryptocurrencies will be affected by the local state. When a country does not intervene to let it develop, it will make the development of cryptocurrencies more rapid and if so, in which country will cryptocurrencies go to prosperity and boost the economy of that country .

Exactly,there are research findings that crypto-currency has increased the GDP of the Japanese economy.I wish the crypto 'hostile' countries of the world will learn that cryptocurrencies will actually benefit both its citizens and government-by way of taxation

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