Bitcoin Forum

Japan still remains as the largest bitcoin exchange market with over 51 percent of the market share, analysts stated that the crackdown on small exchanges have had an impact on the global cryptocurrency market

Japan is not the only country that is good with crypto. I made an article on other countries: https://steemit.com/cryptocurrency/@cryptohumster/germany-legalizes-bitcoin-what-is-the-current-status-in-other-countries

With G20 summit coming soon, more countries will lokk to legalize crypto.

Japan is originator of bitcoin and they are promote cryptocurrency mostly. in future many other countries are interested to trade with bitcoin and cryptocurrency just you need to wait for see that.

agree because Japan is the originator of cryptocurrency, because some countries look at Japan to be a reference in marketing.

It seems that no country has legalized the cryptocurrency, there are exchanges and campaigns that accept payments in the crypto, but there are few official laws on crypto currency. and basically they only forbid the use of crypto as a means of payment. it would be very good if the world's legislation on cryptocurrency was adopted that would allow the use of crypt throughout the world. until it is very rare.

I think, At the moment, Japan is the capital of Bitcoin and the capital of the Crypto-currency. This country is very loyal to the cryptocurrencies. It is wonderful.

according to some Danish information will also legalize Cryptocurrency.
Although Denmark has not recognized Bitcoin as the official currency. But Bitcoin remains usable, because Denmark is home to a number of cryptocurrencies.

I think that out of all countries that are loyal to bitcoin and cryptocurrencies, Venezuela can be singled out. This is one of the craziest examples. Put the entire economy of the country onto a revolving wheel. Everyone knows about the capabilities of hackers. What will happen to the country if Petro will be attacked?

Japan as always on top. Now Japan will be the first and on circulation кpиптoвaлют. Recently, Germany has legalized the crypto currency. And it seems to me that this is only the beginning. Soon we will see more and more countries, which will legitimize crypto-currencies.

Japan in April 2017 began receiving Bitcoin as the legal currency. Then the electronic retail giant, Bic Camera accepts payments using Bitcoin one week after crypto is legalized.

Germany recently adopted a crypto currency. By the end of the year, all countries will accept. Except Russia, it's probably always difficult with technology.

Lots of countries have been accepting crypto (although most only recognize Bitcoin) for all forms of legal payments, some for many years already. In Europe you have many countries like Austria, the UK and Switzerland who allow the use of Bitcoin. Switzerland directly accepts it as payment for taxes. Faraway in the Pacific islands you even have Vanuatu who only accept Bitcoin for foreigners who want to purchase citizenship. For Estonia, you can even buy a digital resident permit as an EU citizen with Bitcoin.

What is the big deal?

Lots of countries are already accepting them, they don't need to say we accept coins etc. If you can trade your coins in local exchange and start crypto related project, then it is okay in your country.

Coincheck gives a real evidence about the domination of the japan to the crypto space. Remember when coincheck gets hacked. But remember I really like the Japanese attitude honestly. Coincheck, and mtgox was trying to pay the amount back to the users and creditors.

But it looks like there will be another crackdown soon and we must ready for that.

Even in the United States and South Korea, they accept bitcoin, but that doesn't mean they accept other altcoin. In their opinion, most altcoin needs to pass stricter supervision.

I heard that many people remembered China as the main factor in influencing the whole cryptography market, but it turns out that Japan has a greater influence. Honestly, if Japan accepts this, then at first other Asian countries will catch up and then you can count on more influential countries in Europe.

Japan, South Korea and the United States have accepted BTC from the law, but now many countries are fighting BTC, so BTC is still not accepted at present.

Japan is really a good and big user of cryptocurrency and it impacts in a big way if there is any big news released regarding bitcoin or cryptocurrency. And yes cryptocurrency market exchanges shows that Japan is still a big influencer and i think that 51% is really a big percent of market share which is must to affect the market. I am sure that in coming years Japan will be the first country to dominate the world in the cryptocurrency market. Japanese are having a much more positive approach towards cryptomarket than other countries.

Yes, you are right. Japan is one of the leading countries in adopting bitcoin in the country. a progress that should be imitated by other nations. it's just a matter of time waiting for bitcoin to be the main alternative payment tool in the world, accompanying the major currencies of the world as a means of payment received by all parties.
But if you want to know the country that still prohibits bitcoin in the country you can find out the information in this link.
https://www.ccn.com/top-10-countries-bitcoin-banned/
kind regards.

Japan is a country that is very open to digital currency, it's all not strange because Japan became one of the countries that have high technology. Japan could be a pioneer of Bitcoin use globally, they can do the implementation and show it to all other countries. Yes we are only waiting for time until finally Bitcoin can be used normally and no country that prohibits the use of Bitcoin. This requires a process and one way we can do to support the development of Bitcoin is to continuously use Bitcoin in every day financial transactions.

Hi, based on that I know, Russia is expected to begin discussing a legal regulation authorizing the use of virtual currencies. A document is expected to be passed by the end of March 2018 to discuss controls on the use of virtual currencies, and Russian officials support the use of digital currency in Russia in general

You are right, Japan is an agreessive county that likes to try new technology, this county is very friendly to new technologies, so I do not feel strange that Japan will be an important role in crypto market.

I know that in Ukraine is not regulated yet, so I guess for now we can say that crypto is legal there, but not accepted yet.

Japan simply manipulates the entire market and dictates its rules, so it is not surprising that the course is not so stable and it will continue until they want it.

It's hard to say but the fact that the Japan has a lot of problems with centralized exchange site. You can see coincheck and other Japan exchange site has been hacked.

The Japanese government will try to implement more strict regulation to the government. We will see that as soon as possible. To prevent more exchange sites are doing a shady act like put low security in the wallet.

Canadian countries can be considered as crypto friendly countries too.

each country has a different ideology
I am even more pleased with the nature of government than Singapore than any other country
which I hate the most, now it is China

In my country crypto is something bad and you can read about that in newspaper from time to time. Official's didn't say word about crypto. They stuck in time before 25-30 years.

A progressive country like Japan may have discovered the real benefits of cryptocurrency unlik the other countries who are still reluctant. But I'm happy that our country is accepting the digital currency as of now. But still crypto still has a lot to grow.

Yes Japan is good country that want to development this new blockchain technology, and i hope more country will follow it. In my country Indonesia Bitcoin not regulated yet, but many people already used for daily transaction to buy good n service. This mean adoption of crypto will continue growing even without regulation from government.

japan is willing to accept or adapt cryptocurrency as we can see japan is progressive to technology. in my country government allow cryptocurrency but they don't encourage people to invest in them. they allow them and they put rules to be followed.

Definetly,the crackdown  on small exchange have only a few impact on the global crypto currency market,because the mainstream source  of the problem now happen in digital system is those domino effect  why the prices now will continue to blow off,first the ban of cryptocurrency in south korea,second is the implementation of china to ban the foreign ICO investment  into there country,and third the three consecutive  drops of bitcoin because of they called correction of price value in the blockchain market.While on the other hands mostly europian countries would the one accept the cryptocurriencies as part of payments just like in the country of japan.

Yeah a lot of country have accepted bitcoin because a lot of people already using it.

but is there an article confirming that Japan is the creator of bitcoin?

These are some countries that accept/tolerate crytocurrency ( read the link below). There is no issue in trading crypto to these country.
https://medium.com/the-mission/countries-approving-cryptocurrencies-b5bbca1a5a03

I think countries that fully accepted Bitcoin as a currencies or as legal tender are Japan and Germany. Most of the countries accept Bitcoin but as an investment not as a currency in which most of these countries are big and reputable like USA, Russia and Britain in which they can influence and attract other countries to accept Bitcoin too.

Nice to see that Germany has legalised the use of crypto and not be taxing them. This is one of the reasons why LISK is going to do well this year. It is based in Berlin and is going to start releasing ICOs on their blockchain later in 2018. I'm sure it will be the hub of Europe for crypto technology.

Switherland too legalized cryptocurrency? Or i wrong? They are one of the first who legalized it.
Very loyal to the crypto.

Japan is a wonderful country. And I'm very glad that she was one of the first to legalize bitcoins and crypto-currencies. All other countries should follow what Japan is doing.

It is possible in any country to be paid by bitcoins, it simply goes to website localbitcoins and change money in the local money cash )

Progress can not be stopped, it's only a matter of time when all countries recognize crypto-currencies and when the crypto-currencies change the principle of government

One big question is, is bitcoin legal or illegal? The answer is, it depends on the location and activity of the user. Bitcoins are not issued, endorsed, or regulated by any central bank. They are just created through a computer-generated process known as mining.
Here are some countries that "Say Yes to Bitcoin":

The United States
Canada
Australia
The European Union

Yes it is Japan, you are correct as the Japan is largest share in transaction in cryptocurrency.
As Japan legalize bitcoin as cryptocurrency, we are hoping other developed countries will like join in Japan and embrace the technology it can bring.
As it is inevitable to not use the technology of bitcoin and blockchain has.

Isn't it that Russia also accepts crypto currency. Putin likes the idea and supports it openly though of course there are regulations in place. 

Well here in my country many are still uninformed and doesn't want to be informed. But I do hope that the government start considering cryptocurrency and the tech behind it, the blockchain and other innovative inventions today. Because its either you join or die soon. At some point cryptocurrency will be a breaking point of our era.

I think japan is a big country in the world that they control industrial market and technology. I am very impressed with this country and now with the Japanese online market market will make new things in the market technology and this is great. we must be able to follow this technology.

Japan for me is the center of the coin system of the world, and the system used Japan I think exemplary or even begin to be applied by other countries also assume that bitcoin is a thing that is not good. Japan seems to be quite the more advanced with many relying on existing cryptocurrency moment.

Last MTGox courts shows us that japanese goverment declares that they are accepting bitcoin as a currency.
This is worlds first court which accepts bitcoin as a real currency. Venezuela is accepting too it was petrol coin or something else.

i only think about japan. so great country

Is it Japan really? I read an article that placed the origin of bitcoin at the doorstep of the FBI in America. The article also pointed out that Satoshi Nakamoto wasn't the real name of the originator too.

That is by the way, the whole world look up to Japan to keep dictating the pace for bitcoin following the premature way China denounced it. While we take a look at countries accepting bitcoin, we can also mention countries that are not likely/will never accept bitcoin.

any country have people willing to accept btc but its not official

Most countries have expressed the desire to join in the crypto trade, just considering regulations first but its just a matter of time. japan adapted it early and is probably a bitcoin heaven,

China was the dominant country which used cryptocurrencies but later after the ban in China , the dominance moved over to Japan. I appreciate every country who accepts cryptocurrencies and have legalized it. There are many other countries who have not legalized cryptocurrency because they don't find any profit in it. Governments can't benefit much from cryptocurrencies which is why they have not legalized it. Though there are some countries who have legalized it but regulated it to their benefits.

yes, i agree with you japan is the biggest bitcoin trading center, but i see kanada will be a rival japan in bitcoin trading.

Which country is worth adopting bitcoin, is it japan or canada? please share your prediction here.

In my country Indonesia Bitcoin and other cryptocurrency not regulated yet but here crypto is very booming, there are many trader and ICO investor want to make money  from crypto. And Although not regulated yet but here many kafe, restaurant and merchant accepted Bitcoin.

Japan's most friendly country with crypto, serious development is always carried out in that country and become the direction of the development of the whole country in the future

Japan is not the only one there is another one like venezuela;

Venezuela
The economic situation in the state is complicated, made Venezuela facing everything serious.  many people there turned to crypto and the government decided to take the situation made Venezuela became first country to launch national cryptocurrency EL Petro, if this is not a mistakes.

Japan is the one of bitcoin creator and they trust in cryptocurrency and many people in there also trust with crypto. Hope in the future other country will not banned the crypto and will become support this.

Yes its because they recognize cryptocurrencies as proper money. That attracts the attention of general public allowing everyone to be confident to use the tech and invest in crypto

Estonia
United States
Denmark
Sweden
South Korea
Netherlands
Finland
Canada
United Kingdom
Australia
All of them are loyal to the crypto currency and legalized.

There hasn't been such dominating country which accepted bitcoin and had a great hold on the market like china.Once the bitcoin was banned the market shifted towards different Asian countries like India and japan.After india took some serious action towards banning bitcoin the total hub is shifted towards Japan.Still the hold that china had hasn't been achieved by japan yet.

As I know Australia is very tolerant to bitcoin and they allow to use them as a money. Some countries do not consider cryptocurrencies as a money but the method of payment. On a contrary, some Latin America countries banned bitcoin (Ecuador, Bolivia).

For countries that accept cryptocurrency is not all countries because in some countries there are still illegal against cryptocurrency. And will never receive cryptocurrency in that country. But there are also some countries that accept crptocurrency and legal arrival in a particular country.

In general, the crypt very moved Asia itself, which saw in this perspective and future. In this region, the development of crypto-currencies will always be stable.

many countries will soon accept crypto-currencies, moreover, they will start creating their own crypto-currencies. It's unavoidable

I think this news is very great because even if United States are actually agains crypto the Europe seems to like crypto....

Estonia is just a really great overall country for crypto. I mean even their government uses blockchain.

So, guys, if you want to build your own business in crypto currency just go to Estonia and everything is gonna be alright.

I think Japan is the most liberal. which has implemented a completely crypt in its economy. Singapore also practically did it.

I do believe that a lot more countries will come on board to accept cryptocurrencies once the regulations becomes clearer.

Countries are just watching japan and other countries like Singapore and Estonia in how they regulate and use blockchains and allow public cryptos. When more success stories emerge, we will see more countries jump on board.

The tipping point will be when countries start to issue crypto currencies and are able to successfully demonstrate the benefits.. then we will see more countries come on board.

Yeah Japan seems to love cryptos, even though China, on the other hand, tried banning them completely.

Nop they only banned ICOs, and the bans were said to be only temporary because they needed time to prepare regulations against scammers.

The United States has taken a generally positive approach towards bitcoin.Canada considers bitcoin exchanges to be money service businesses.Australia allows entities to trade, mine, or buy bitcoin. Individual EU countries have developed their own bitcoin stances. A few nations are allowing bitcoin while others are either undecided or issuing warnings.

The list may go long, these articles may definitely answer well.

https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp

http://www.stockmaster.in/howtoinvest/top-countries-where-bitcoin-is-legal-and-illegal/

https://www.cryptoground.com/article/list-of-countries-where-bitcoin-is-legal

As time passes, more and more governments will realize crypto and blockchain potential and usability..
Crises and non-balanced reality will force them, at least..
Wealth generation will find it`s way in any case, like spoilt water..
Early adapting countries will benefit more..

That's not what exactly as it seem though. If you take a look at what they recently request to other countries was that they were suggesting to also ban cryptocurrencies. If they are just temporarily banning until their regulations are ironed, their government shouldn't be suggesting these. They are saving their economy from crashing because of crypto. I think they see bitcoin as threat, they are big and leading economy in terms of fiat, they need to maintain that to maintain power as well.

It is very interesting how the discussion on the cryptocurrency at the G20 summit will be able to influence further governments decisions on the legalization of the crypto.  Maybe the list of countries that have adopted crypto will expand?

in the country I can still use bitcoin even though the government is still independent and have not given the rules but now I still use bitcoin and japan supported by the government and they master the advanced technology and they are a strong country and I hope our country so

Japan, as always, is ahead of all countries. And the Crypto currency market is no exception. And it seems to me that many countries need to take an example from Japan. Germany also recently recognized crypto-currencies. I think I. And other countries will follow suit.

After a while those banning issues will be eliminated, having this issues now only shows how the governments interested in it, they can be the key to future advancement when they realized how helpful crypto can be.

Why not one country has not legalized bitcoin, you are mistaken. For example, not so long ago, Germany recognized bitcoin as a means of payment. In Belarus, there is no problem, Australia etc, in general, everything goes to the fact that the crypto-currencies will take more and more place in our lives)

Being one  of the progressive  and advance in technology country  in Asia Japan have  vision that crypto currency has and edges compare to some other currencies, more powerful than dollars. And they believe that in the digital world Blockchain technology has an edge, because of its
Continuous  development.

I very much hope for positive news for the crypto-currency market after this G20 summit, and that other leading world states will follow the example of Germany and Japan!

Here in the Philippines the cryptocurrency is not prohibited. Our government is planning to arrange and regulate
 cryptocurrency transactions to protect investors and reduce the risk of fraud. Similarly, the ICO has included for regularization in our country.

We all know that Japan wants to be always ahead in terms of technology. Japan government is also less corrupt compared to other government across the world that is why adopting cryptocurrency is easy and advantage for them.

Yes indeed, Japan still remains as the largest bitcoin exchange market. I think that many countries want to first understand by the example of Japan how the crypto currency will affect the economy of the country as a whole, that is, such a large-scale experiment

In Japan, Japanese financial managers have proposed treating the virtual currency as a payment method equivalent to the conventional currency. And Hirosaki City officially accepts bitcoin contributions for the purpose of attracting international visitors and sponsoring local projects.

Yes of course but Japan has done what other country has failed to implement, they are our model but we need not argue as long as there are countries accepting cryptocurrency and embrace, it's going to be great for cryptocurrency in general we are all praying that full and massive adoption will finally come.

Nowadays there are so many countries that accept BTC or other coins such as Japan, Korea ... etc. Nowadays crypto has been developed, so investing in them is always a great opportunity. for us.

Yeah this is somehow possible because the main character here is a japanese, on that way they can still stabilize the run of the market until someone gonna hack their exchanges like that of south korean exchanges. If they too end up hacked the price will be dramatically Subsided.

It appears that no nation has legitimized the digital money, there are trades and battles that acknowledge installments in the crypto, yet there are couple of authority laws on cryptographic money. what's more, fundamentally they just disallow the utilization of crypto as a methods for installment. it would be great if the world's enactment on digital currency was embraced that would permit the utilization of tomb all through the world. until the point when it is exceptionally uncommon.

Philippines seems to accept crypto currency referring to the postive news about new businesses with goverment approval. So crypto is coming our future. If good things continue to happen and all over the world. All of us will benifit for the use of these online.money. It has a lot of advantage

All governments in the world have a very good view of this market because Blockchain technology is well suited for economic development. I believe that if Cryptocurrency is accepted in more countries then surely this will be the new trend of the world. I am sure that when the SEC approves ETFs to enter the market, it will attract a lot of investors.

the crackdown happened only because the trust in each person decreased, from that many sold their assets so that had an impact on a large market share.

I hope that in the near future other countries will join such as Japan . I look forward to it

the conventional currency.Blockchain technology is well suited for economic development. I believe that and many countries is joining like Philippines.

Well, I think that out of all countries that are loyal to bitcoin and cryptocurrencies, Venezuela can be singled out. This is one of the craziest examples. Put the entire economy of the country onto a revolving wheel. Everyone knows about the capabilities of hackers. What will happen to the country if Petro will be attacked? Your thought?

Many Southeast Asian countries and Nordic countries accept cryptocurrencies. In addition, South Korea and Japan are big cryptocurrencies. They have a large number of investors, especially Japan, who may be relying on cryptocurrency to break through the current economic difficulties.

That's very interesting to hear.Many countries are already implementing blockchain technology for trading.
Hostgames for instance,a casino gaming platform also uses cryptocurrencies for safer and secure transactions.

Here in our country the used of cryptocurrency is greatly supported by our government..  Oir government our looking forward to the great uses of cryptocurrency through out the world..  It is really great because unlike in other countries... Our country support us because maybe they think also that it will help us in a lot of way..

My country has not accepted cyrptocurrency as a form of payment and popularity, we still have not used it as currency, but still used as not very popular, thankfully Japan has somewhat accepted cyrptocurrency

i think my country indonesia accepts cryptocurrency and in this country also there is an exchanger that good for beginer people who join to be trader

In Bali right? and in my country many are still uninformed and doesn't want to be informed. But I do hope that the government start considering cryptocurrency and the tech behind it, the blockchain and other innovative inventions today. Because its either you join or die soon. At some point cryptocurrency will be a breaking point of our era.

This is a nice thread. It really catches my attention since it is an update of how many countries are now accepting Cryptocurrency as their alternative mode of payment. Is there anyone who has an updated compilation or list of these countries? I am looking forward that every country will be more interested in Crypto since it really has a positive impact on the economy and for the advancement of technology.

What do you mean Country accepts cryptocurrency? Any country has accepted cryptocurrency, because crypto has a value. For example FBI have been accepted crypto, because they have sold Bitcoins which were seized.

These are the following Country who accepts cryptocurrency as follows.

1.Estonia
2.Sweden
3.Finland
4.Denmark
5.The Netherlands

I've always liked Japan as a country. I'm a fan of food and cars. And here it is the main country for cryptocurrencies. When I earn on cryptocurrency I will go there to live...

In general, the Japanese society is very interesting and strange, but living there is very expensive. According to statistics, Tokyo is one of the most expensive cities.

It is true that it is not only Japan that belongs to the largest country for cryptocurrency.
Now Singapore has also created a lot of coins and exchanges.
You can check everything here: https://www.buybitcoinworldwide.com/singapore/

Well, I guess japan would definitely support the use of cryptocurrencies since they are the first country started it throught bitcoin. Now, it is very maintained and supported throught many regions all around the world.