Bitcoin Forum

Mizuho Financial Group and Sumitomo Mitsui Financial Group have joined a $1.75 million funding round for Japan's biggest bitcoin exchange, bitFlyer, according to Nikkei.

The groups made the investments through their venture arms, joining another Japanese giant, Mitsubishi UFJ Financial Group, as bitFlyer stakeholders.

https://www.finextra.com/newsarticle/30136/japanese-banks-invest-in-local-bitcoin-exchange (https://www.finextra.com/newsarticle/30136/japanese-banks-invest-in-local-bitcoin-exchange)

yes that's big decision for japan bank group to support bitcoin as their side stream.
so the using of bitcoin in japan will be increase.

Although this does sound like a great thing for bitcoin, will it not also have the undesired result of further centralizing bitcoin to the Asiatic countries? Not trying to FUD, was simply my first thought after reading this.

Japan is a democracy, there is no Great Firewall, no dictatorship. Their regulations are pretty transparent. Their central bank works well. So there is nothing to worry about.

I'd say adoption in Japan, South Korea, Australia etc would be a welcome boost to bitcoin. It doesn't matter that they are pacific countries. What matters is that they are open democracies and there is no danger of a dictatorship seizing control of exchanges or miners.

Excellent progress if bank from Japanese seeks to engage in bitcoin market. I hope Japan can build a lot of quality local exchanges such as China, all players bitcoin worldwide welcomed this good news.

Japan is a country that is very transparent in financial matters. Differences with system in China, the Japanese are more concerned with quality than quantity.

Thank you for clearing that up, I didnt realize there was so much more involved in the Chinese monopoly of bitcoin (or close enough). I will look into those points you brought up and edify myself further :)

No one is holding any country back .Anyone can invest like those Asian countries and with the way how bitcoin mining works if you are able to invest heavily into mining you will have certain perks with the amount of hash power you generate. When China started regulating bitcoin now its the chance for Japan.

That is good news, as this is consolidating Bitcoin's public image and trustworthyness. This will also help spread a bit the trades out of China to make the worst never happen.

When the Chinese invested heavily into bitcoin we thought it is good for bitcoin and the price would rice because of it and it was right the prices raised from the bottom and then they started influencing the market a lot and now Japan is investing into bitcoin and hope we wont hear in the future about the manipulation from the Japanese. ;D

This bank just want to be the first who realise this idea of bitcoin use in banks activity. I'm agree that it's the first step to centralization of bitcoin.

If China has not centralized bitcoin already, now when there will be more and more big players on the market I won't think about centralization but just about finding the balance. There are several other players who have already invested a lot in bitcoin (Dell, etc.).
The new Japanese bank just can't centralize bitcoin. What they can really do is creating a system with an UI similar to the online banking systems. That could help the mass adoption of bitcoin. 

Glad to see more big company wanna hold some stakes from the bitcoin exchange business. Glad to see more big company wanna hold some stakes from the bitcoin exchange business. But Did Mitsubishi already hold the stake of the bitflyer from it was starting?


I like this.

Japan is a country where the technology development in all sectors were much advanced compare too other nations. Now this time the focus towards digitization has improved much. Also they're with plans of making profit through this. As a part the bitcoin acceptance have increased a lot among the merchants and now more financial groups have started investing on it.

Is it crazy to think that none of these media guys are telling the truth? Each day there is a post stating that "X" nation invests millions of dollars in a startup and maybe even a few Bitcoin exchanges as well. The money isn't noticed within the markets and if Big Banks did invest in Bitcoins Blockchain technology then we would've been at $42,000,000 per coin by now..with transaction fees being $4,200 on the regular.

If Bitcoin could get just a single large investor than that would be fine, but why would they lie about it so much? Unless they are investing the money and the startup guys and Bitcoin Exchanges are just giving them computer air or they are running with the money already?

What a strange CyberWorld I dwell in.

I would personally be more inclined to trade on such an exchange as long as there are no International companies involved in running the exchange. Since Japan is also big on the digital side, it is great news if they start rolling out acceptance countrywide.

Yes, the more the merrier.  And, as was also pointed out above, Japan, S Korea and Oz are all democracies and respected players in the world economy who play by the rules.

Bitcoin needs more exchanges, buyers & sellers and (especially) merchants who will accept it.

It is good to know that banks is accepting Bitcoin and its technology. I hope that more banks will follow Mizuho Financial Group and Sumitomo Mitsui Financial Group decision. Of course, that is only if they fully believe in Bitcoin. I also hope that they are not just interested in the Blockchain technology but Bitcoin in a whole.

Japan is consider one of the technology hub in Asia and I am sure we will have some other great news coming up in Asia in the coming months - especially when the price of Bitcoin reached it peak again. :p.

The centralizing of bitcoin talk is going on for a very long time.If you are really interested in it any one can purchase the stakes in it as it is open to anybody to invest in it and why does everyone cry that certain countries are empowering more power and can drive the price of bitcoin. Bank is investing in bitcoin exchange and not into bitcoin or into mining equipments,so basically you could convert your coins to yen.

I am assuming that these financial institutions would have wanted to invest more if not for the limit brought about by regulations. Bitcoin is really starting to make waves, more so in Asia, where China is predominantly leading in terms of transactions and probably bitcoin volume. And Japan being so technologically-advanced compared to other Asian countries, we could see more of this sort of becoming the trend for years to come.

Bitcoin a true rising star in Japan, i got high expectations that Bitcoin will go really big.

Honestly I agree with the buyers and sellers, but they have to increase in the physical world. People right now are not comfortable opening and account online and buying bitcoins at an exchange, specially when the media portrays bitcoin related to a lot of scams. So a physical store or exchange has to exist to get them to trust bitcoin more.

Bitcoin is a rising star throughout the world and especially the so called third world countries are liking the technology as they could lift their revenue if they are investing their time and money into bitcoin and other alt coin and this is where the future holds if you are really looking to make some good money without others help.

When banks started to invest in bitcoin,signs are clear: bitcoins are becoming legal and acceptable virtual currency. It is a good news to all bitcoin holder because it will really shake the bitcoin pricing and it is very favorable to them.More opportunities will be created with this move. Hope more countries and local banks will support this initiative not only in japan.

Japan has made regulations to virtual currency use. This might get effective soon similar to the bitlicense that's been imposed on New York bitcoin platform. These days the regulatory act includes the know your customer and anti money laundering practices to help people stay away from scams.

this is very interesting news to hear.
mostly because usually countries prohibit their banks from getting into bitcoin by investing in it or in something bitcoin related.
but it seems like Japan is going to be a very good and friendly country for bitcoin. we need to catch up to them before they leave us in the dust.

People will be looking at Japan and since the volumes in these exchanges spiked after the restriction in the Chinese exchanges we could see some shift in the volume if there is a new restriction enforced by the Japanese government. I think the government all over the world is playing their hand in the price of bitcoin.

japenes are the clever people they does only what gives them back. they are s far developed from zero level and now they are stick to bitcoin and making good use of it to get rich. well its good to see someone getting developed for a currency on which many peopl dont have trust.

Price is increasing isn't it?  Probably this investment helps in the price increase of Bitcoin.  The increase in price does not move according to what you are thinking.  Besides it was only $1m+ and if you distribute it to Bitcoin market it won't make such impact since the budget is not throughly put on the market of Bitcoin (buy wall), It was put on operation that will support bitcoin activities and of course to gain profit.

That is good news and strategy investments on bitcoin exchangers for the banks,
because if they don't make investments related bitcoin in the business
and stay on tradition system of business the banks will not get new costumers of bitcoin users.

is good news and exicting
in japanese is bitcoin has officially regulated, after japanese bank investment in bitcoin exchanger
and i hope china regulaton aprove and regulated bitcoin and  ETF , SEC regulated bitcoin too

This is a great news and this is another example that bitcoin is doing pretty well and some of the countries start trusting bitcoin as a currency and they start investing on it. This kind of thing can be a great factor for the price to spike up even more because this is such a great news and it will help the bitcoin price to rise up because of the investment that are made by the japanese banks and it will result for the supply to be lessen and the demand will increase so it will result for the price to be higher.

Japan is a good country that accepts bitcoin. and now a company invests to bitcoin. it sounds that this country will make an increasing amount of Asian who will use bitcoin and follow their stepfoot.

Japan banks saw potential on bitcoin and they invest on its exchanges (to earn money with this technology). My country is on the other side, banks are closing accounts of bitcoin companies, and they will loose the opportunity to earn money from this companies.

not exactly sure that it should be good news or bad news, the good news is if the bank really supporting bitcoin then it will increase the popularity and the usage, but I am not really sure the interference from the government is a good thing for bitcoin, for now maybe the government become supervisor and observe but in the future I afraid they will do investigation and controlling

For what the Japanese did is such an another achievement of success into local bitcoin exchange, and another whale investor came in into our industry. I don't see any reason to get worry in this things due to the rules and policies that Japanese has was quite good, it could be an advantage for bitcoin too because of the decision they made for it.

They are not investing by buying bitcoins, they are investing in Bitcoin exchanges. The influence of this financial injection will only be seen after

months of improvements and development and growth in these exchanges. I think these Japanese banks can see that their current financial

model is not sustainable with Bitcoin being the competition and if you cannot beat them, then you join them.  ;)

Japan is attracting a lot more attraction with respect to bitcoins, because of the curbs being imposed in China by the PBOC.
That may turn out to be in Japan's benefit after all.

That's incredible and it augers well for Bitcoin and the Bitcoin community in Jepan. I think the banks involvement in the exchanges will increase public interest and awareness in Bitcoin and overall influence the prices positively for the benefit of all.

it is known that japan is a high tech country that look very far into future technology and want to be part of them as fast as possible, i also like that they are not going to build their bitcoin copy with centralized exchange, but instead they are promoting bitcoin in their country, when the exchange will be finished, more people in japan will buy  bitcoin and make the value even greater

This is good news which I can consider. Because a weeks from now I think it will to push bitcoin to make it higher more but I cannot assure if that will happen, Lol. But it can be happen after the of the ETF maybe, I guess there's a positive result on march 11, 2017. However, for what the japanese did investing into local exchange was a big points in bitcoin industry.

It is possible that the Japanese will lead int he development of cryptocurrency and improve its economy.

Japan has the best internet, they are always exploring and building new things, im not surprised at all about some big bank company investing into bitcoin, considering the huge potencial of the currencie to double over some period i didnt understand why big investors hasnt tryed bitcoin.

which means Japan can be one the factors to make bitcoin become more higher, it will also give an impact for the local exchange especially for the bitcoin community in crypto world. If that so, it is real a goods news for us here.

This is great as the partnership will sure make Bitcoin attractive especially to Japan residents and create awareness for the furtherance of the Bitcoin course so they should keep it up and help the Bitcoin community.

Yes i fully agree with you, japan began to invest litle money in their local business and when japan find it's suitable for their economy they will research and develop cryptocurrency very serious

I think that is the reason for recent big rise.

Day after day there is an article that states that some big investor is investing money into a Blockchain project and the amount of money is around the multi-million dollar range. I don’t know where all that money goes, the money could be used to pump Bitcoin up though I am pretty sure that they aren’t that interested in the project because if the price goes up then more people would get involved to work on Bitcoin and the whole Blockchain of Bitcoin.

This only means one thing.  Bitcoin is going mainstream.  With the acceptance of several country, bitcoin is now more popular then ever.  Prices would likely to soar more as more company and investors come in.  Many believe that today trend is cryptocurrency and Bitcoin is "hot money" meaning it is a good investment.

Very likely neighboring countries will follow japan. Government policy determines whether or not bitcoin develops in a country. The more countries that use bitcoin, it is not impossible that bitcoin will change the economy of the people ..

Asians are smarter than Americans plus Americans are too anal retentive. Hey New York!

They are working with Digital Payment technology so I am pretty sure that the people in Japan will find a use for Bitcoin and bring the price of Bitcoin up. There is not much progress going on with Bitcoins Blockchain, I think that they people that are receiving the money to get blockchain research funded are using it to do something other than putting it into Blockchain researching. I mean millions of dollars in funding though the price of Bitcoin is only in the 2 grand area?

I think this is one factor japanese progress possibly because with investment in bitcoin japan bank get many advantages....

Japan is always the leader of new things, they always be on of the first country to accept Bitcoin and now, they are investing money in Bitcoin exchanges which will make Bitcoin more popular in their country and also in the world

Of course Japan stands to benefit that's why their government is ensuring all these advancements in Bitcoin and cryptocurrencies in general. I'm hopeful many world superpowers will follow what Japan is doing in the near future.

You really do not need the best internet connection to be involved in bitcoin,yes they took a proactive step towards bitcoin and we have big investors in bitcoin and that reflects in the price growth we see now,everyone knows the potential because of the constant growth it has achieved and it will thrive better with time.

Japan is taking the lead and looks like others countries will miss the gold opportunity, bitcoin into some years will double and even reach 20000 dollars unit, soo its 8x the current investment nowadays. It always good to see big companies starting investing over crypto, i believe they will make their own crypto coin as well.

Japanese people were always good at finding a way of technological progress.
I was wondering why they didn't hop on bitcoin hype train much earlier and instead of Japan, China took the advantage as the number 1 nation behind cryptocurrency.
It all changed with Japan legalisation of Bitcoin in Japan, trading volume shifted and now we can see than Janapense exchanges have the highest volume.

Since everyone is creating a coin why not. :D Let a company from Japan start a project and start attracting people and i am sure people will flock in and throw money at it as we are seeing with all the projects which is insane ,Japan is doing the right thing, understanding what bitcoin is all about and how it can attract more entrepreneur in this which in turn is a positive thing as they create more opportunities.

Hopefully this step is imitated many other large companies, not just in japan but around the world, so that the world more and more to know the benefits of bitcoin, and not only see it from the negative side