Bitcoin Forum

Citizens of Japan are going all-in on Cryptocurrency. Japan, a country known for its progressive financial vision, has reported an unprecedented 3.5 million active Cryptocurrency participants on the island. More than 80% of traders are between the ages of 24-40. Japan made bitcoin a legal currency!
Will other countries take an example from Japan in near future?
https://i.imgur.com/zLhD3IX.jpg

It's a good thing. The state is saying you are asumming a risk, but the cryptos with the lowest risk are...
This what Japan did. I think this will happen also in Europe and developed countries

Japan has always been a bitcoin friendly nation, more of a bitcoin haven and its a little surprise that its going full BTC, its a
good news for the crypto nation as it gives the BTC users a place to make their transactions lawfully

Japan has always been a bitcoin friendly nation, more of a bitcoin haven and its a little surprise that its going full BTC, its a
good news for the crypto nation as it gives the BTC users a place to make their transactions lawfully

In macroeconomic terms, the embrace of cryptocurrency makes sense. Japan has taken time to recover from its so-called ‘Lost Decade’ of economic stagnation. Its relatively low growth and high savings rate make cryptocurrency an attractive option. While a trailblazer in tech development, Japan and its authorities are notoriously conservative when it comes to financial innovation. The government’s forward-looking attitude to virtual currencies may in fact be a reaction to that. The use of blockchain has given Japan an opportunity to shake things up a little and push local banks into more aggressive development. At the same time, the state’s proactive approach to regulation is also a way to keep crypto trading under centralized control.

well maybe china and other nearest country with the same vision of people will participate in crypto will do the same and taking more risk here in the philippines has a bad image of crypto because of newg scam scandal. you can now read the story here you might know him.

http://news.abs-cbn.com/news/04/06/18/couple-arrested-for-alleged-bitcoin-investment-scam

It`s well known fact that Japan has highest rate of personal savings.
Crypto world should adapt and make an usable offer - these depositors can`t refuse..

Japan has been the role model of the crypto currency and the proof that other countries should adopt this bitcoin technology  to boost the financial system of their constituents.

I don't think so. Europe, contrary to the popular belief is not a monolith - some countries might be in totally opposed to the idea of accepting cryptocurrency.
The European Commission, the European Parliament or whoever is responsible for pulling out the strings there and creating the law is known to be manipulated by banks, wealthy elites and corporations.
It is obvious that under the circumstances they would rather try to prevent people from using free crypto and instead will try to create their own - blockchain based - but not a sovereign version of cryptocurrency.

venezuela has made rules about the regulation of crypto before Japan, even transactions by using crypto have been done.

and turkey, singapore, korea, russia and iran have planned crypto regulation, even have been done but not yet perfect.

I think in the future there will be more countries that accept crypto.

If this continues amidst stricter regulations by the Japanese Government then it is a big win for the cryptocurrency economy. In Japan majority of cryptocurrency holders are holding bitcoin since bitcoin mainstreaming in Japan is real. You can almost buy anything with bitcoin at Tokyo and possibly soon it can even reach other areas outside the city.

I always knew that Japan would be the first nation to have bitcoin mass adoption, they are always the first when it comes to adopting future technology. Thank you Japan.

This in my opinion is reasonable. Because Japanese citizens are known to be the cradle of technological achievement and love to explore and improve technology is their specialty. Satoshi created bitcoin is also a citizen born in Japan.

Yes, technology in Japan is mostly focused and prominent in consumer electronics, robotics and the automotive industry. Japan is one of the leading nations in the fields of scientific research, technology, machinery, and medical research. And now its time for Bitcoin in Japan. Hope other counties will go the same way in crypto and blockchain!

Japan has truely taken the first step in boosting its GDP and also boosting Bitcoin adoption. They've realized the potential of the technology utilized in Bitcoin and I'm glad it's been acknowledged by their Governments. I believe the few countries that have it as unregulated could be Turkey, Vietnam and probably most of the European counterparts. I am really hoping that those countries that have listed Bitcoin as illegal (Bangladesh) and possibly looking forward to limiting its use heavily (India) also try and understand the benefits it'd provide for cross-border trades and also to understand ways on legally regulating it instead of looking forward to making it illegal.

Japan is a shelter and protection, marking the development of bitcoin around the world. It is a premise and motivation to promote the perfect and continuous growth of bitcoin. I think their citizens are well aware and educated about the proper way to invest in bitcoin and crypto in order to sustain development and balance in the economy and society. In the formation and development of bitcoin is associated with satoshi and Japan.

Japan has been very bullish on bitcoin, i still dont understand why there are a lot of people who think the opposite of this. I am more than confident in that Japan is going to be one of those countries that is going to offer a financial revolution with cryptos.

I hope other countries also will follow the same what Japan has been doing,because Japan is one of the well developed country in technology based and economical based too so the other developing countries might follow them in the future.But many countries are don't know how to regulate the crypto currency usage that is why some countries started to ban it.

Those living in the Far East continue to keep the crypt money. Did not the beautiful things first come out of the first place? Everyone knows how rational and rational the Japanese are. Despite this, I do not understand how to keep the distance between the crypt and the crypt. Is there any other people who want to make tradition and truth as much as the Japanese? I do not think so. If there was something wrong, the Japanese would certainly not get into it.

Individuals of Japan are heading all-in on Cryptocurrency. Nippon, a rustic known for its progressive financial perspective, has reported an unmatched 3. 5 million energetic Cryptocurrency participants on the island of st. kitts. Even more than 80% of dealers are between the age ranges of 24-40. Japan made bitcoin a legal forex!
Will other countries take an example from Nippon in near future?

Japan has been known to be as crypto-friendly long before and they're very technological advanced. They have been open to crypto and now that they accept bitcoin as a legal currency, they could expect for foreign investors to come in. Now, crypto businesses may open up or the retail stores in the country may choose to accept btc as payment. Let's hope that this would pave the way towards a more adoption of crypto and btc for other countries as well. Is bitcoin the only crypto which they accept? Hopefully there are also other cryptos or that they choose to accept more in the future.

Well people in Japan know how to handle their money well that's why they have money to invest in cryptocurrency and beside their technology is also fast improving. Maybe they are one of the reasons of bitcoin price movement

I do believe other countries will follow suit if the government is supportive of Bitcoin and other Crypto currencies. There was a news about few thousands stores in Japan accepting Bitcoin as a payment method last year. This year, we see the same with Korea. Maybe Korea will be the next country following?

Japanese are very smart and also well disciplined. Their govt. is positive about BTC, since they understand the true potential of BTC. No wonder people are going all-in.

Unlike countries like India - where the cheap prostituting politicians sell their own homeland for money, Japan has more integrity which always mean they will be succesful - which is very evident from the pace of their nations development.

This is of course a very positive sign for BTC and cryptocoins overall.

Japan is always interested about technology and they have a positive point of view that bitcoin has more benefits for human life than its disadvantages. Japan can be a role model for the country who banned crypto currency, hope in the future will many countries follow Japan step.

Salute for Japan for operating the legality of bitcoin in the area.
Technologies, advance thinking, open minded people, good leadership, good infrastructure and the leading cryptocurrency nation only Japan. No doubt that they are progressive for practicing the fundamentals of cryptocurrency. Possible some country's will follow what Japan did.

Japan is really a bitcoin-friendly country. But I think we can not say that we can expect a large number of foreign investments from users of cryptocurrencies in the Japanese economy. This country is always closed to foreigners. Perhaps for this reason, many foreign exchanges can not get a license to work in Japan.

not all countries will do that but some,

but the legitimacy and the meaning of cryptocurrencies will be very important in the future the next question will be how are japanese stores supposed to have reliable salaries with bitcoin?

its not useable as a currency anymore, tx. by far to high.

regards

Many countries will follow on the path towards progress, Japan. Don't you sense deny that kriptovaljuty is a new spiral in the economy of the future.  Who do not understand the many misses.

Japan will always be a progressive country and they are giving much attention to the technologies new methods. From the very beginning, Japan is the number one country who supported cryptocurrency as well bitcoin. Indeed, in some other develop country like Europe, will expand their understanding about bitcoin and soon will implement it. It is a good news for bitcoin that there are develop countries who are patronizing and recognizing it.

Given that Japan has been considered the most widely technologically advanced country in the world it makes sense that they may be at the forefront in the revolution for cryptocurrency. What I do think though, is that given that cryptocurrency is a hit to them they also have the technologival capacity and the means to
Implement this on a much grander scale than what other countries can do. As such they may provide the blueprint on how to integrate bitcoin

Yes Japan in all aspects they are ahead by school kids food to bitcoin acceptance they make innovation . Lots of countries forcing their central banks to not to deal with bitcoin or any other crypto currency . Countries has to learn from japan . Still speculation about sathoshi nakamoto from japan running around crypto space . I am also believing he is from japan.

So glad to hear it after all this time preaching against negative cryptocurrency. I hope in future many countries using cryptocurrency

Where did you get the news? Anyway, if this is true then its going to benefit all of us. One of the reasons why bitcoin price is reaching high is because people began to patronize it - so if Japan uses it the way it used to be then the demand for bitcoin will certainly spike up. The only challenge that I can sense is the volatility of it, how am I suppose to buy goods in the future if the price is very unstable, if I'll be saving some bitcoins now to buy a gun in December, how certain am I that the value of my bitcoin will be sufficient to buy it when I already decided to? I hope one day the global populace will use bitcoin religiously and therefore it's price will never be this volatile.

This is a good news! Japan take their step because they knew cryptocurrency is an advanced technology wherein digital money is being used. I congratulate Japan for accepting cryptocurrency, some countries will now have basis for this kind of experiments as well as the disadvantage or advantages of crypto in the country. Governments of different countries shall have a deep study in this crypto thing for the country to become preferment.

Japan is pioneer of innovative products and they are moving towards the sun without looking back and now this is a role model for bitcoin to be accepted worldwide, its a good start and also a good news.  ;D ;D However anyone can elaborate why exchanger such as Binance moving their HQ to Malta eventhough that japan is a crypto friendly country?  ::) ::)

Japan wants to regulate crypto to be safe. They wanted only KYC for every user from binance and binance dont want to make such rule. Japan wanted to avoid money laundering so they have regulations. But they are crypto friendly because they allow crypto n their country unlike other countries. BTW OKex wants to move to Malta too)

Bitcoin was the first cryptocurrency to be created. And it’s still the most popular, which is one of its biggest advantages. Remember that if something is scarce and valued by many, then it’s the same as money.

I am also sure that to see Japan other countries will also follow the same. In my country bitcoin is still not regularized and it will take some time that we will also freely use bitcoin in our country like our regular currency. We will see Japan a cashless country soon. Usage of bitcoin is easy than any other currency, and to see it I want all the countries to regularize bitcoin for the comfort of the people.

Japan has always been a very innovative and progressive country in terms of new technology, especially Bitcoin. This is a very smart move coming from japan. If they have a regulation (which actually has when legalizing) that would be fine as long as its being accepted by everyone in the country

Good news definitely. I think Japan has come to see that cryptocurrencies are legit and can really do lots of big changes in the market. And since Japan is a pioneer with accepting new technologies as it is party of their culture and tradition to embrace changes, then the dream of many cryptocurrency users of a place where coins can be used like any other currency to pay for services and good, while not removing its capacity to be used as an investment medium would now be a reality in Japan.

We’ll need some countries to be out in front in terms of acceptance and less regulations for cryptocurrencies.   Counties like Japan and Germany with its favorable tax laws seem to be on the cutting edge.

These countries will be the models for a potential future where cryptocurrencies will be more mainstream in terms of usage and adoption.

japan is a developed country where all the most bitcoin users come from japan country so do not be surprised if bitcoin is made as buying and selling goods there, and if bitcoin will be applied in all country in this world very difficult because country have rules governing.

This is a great news after all the negative news about cryptocurency, if this is true for sure many government will make plan to aprove cryptocurency in there country, because now a days many people now are adopting bitcoin as a investment and payment system.

Japan is on it's way to lead the cryptocurrency. Progressive country plus having a advanced technology and can compete all over the world, all I can say, Japan will maneuver the journey of this generation in crypto world. The Land of the Rising Sun is ready to develop the blockchain technology, fasten your seatbelt because the ship will go to the moon! And Japan will be the captain of the future in cryptocurrency.

Japan is really first in this sphere. Perhaps this will help them avoid the stagnation of the economy that has been going on for many years.
And of course I hope that many other countries will follow Japan`s experience.

Yeah you are right, Japan is one the countries who regularized bitcoin in their countries. We will see one day that Japan is the only country in the world who deals only in digital currency. This is a step towards a digital future because all other thing are going to be converted in digital, so why not currency? Japan has a leading technology in the world and so in bitcoin.

I hope so, other countries can follow the example of Japan's policy. Japan will probably prove to the World that its country will be able to regulate Bitcoin, and Japan will prove that the State using Bitcoin will stay ahead, Even more advanced than any other country. Hopefully, this will be an example of other countries. Success for Japan.

This is very good news for everyone. Europe is very large continent, Europe is very the best , there are many people in Europe. It will be the best if there are more people will use cryptocurrency, specially in one country, good example is in the Japan. Japan is really the best in term of Cryptocurrency country.

Japan is now our model when it comes to cryptocurrency adoption if we have 10 more countries doing what Japan has done then we can expect a good price much more than what we have last December 2017 it could go to as high as $30,000.

I don’t think you can count how many people are using Bitcoin in Japan, there are other countries that makes use of Bitcoin more than they do, and I’m very sure of that. And by the way, the picture the op used doesn’t display anything that shows that Japan is accepting Bitcoin.

If I’m right, the “Bitcoin is being accepted here’ is just an edit sticker. So Japan is not the only place where Bitcoin is declared legal. And I believe they make use of their main currency more than they do with Bitcoin.

good to hear this, if japan will continue to use bitcoin as their crypto, people all over the world will surely follow, because we all know that japan is the number one country in asia so they can influence other neighbor with their beliefs in bitcoin.

Japan is one of the developed countries with a very large and powerful economy. The legalization of bitcoin in Japan will definitely affect the bitcoin price movement in various crypto markets and not escape any other country would want to follow the steps of the Japanese state that has legalized bitcoin as a method of payment of the present to the community. I think the closest country to follow step from Japan is Netherlands and Russia.

Japan is a worldwide Bitcoin development roll model. This will be a motivation for continuous growth and development of Bitcoin. I think the citizens of Japan are very aware of the investment in Bitcoin and work with educated and intelligent. It is very important to maintain the economy and balance of the country. Japan has a good relationship with Satoshi in the formation of Bitcoin.

The Japanese government is very good at researching things. Especially cryptocurrency. I envy when they can transact legally in their country. Because my country states a neutral attitude towards Cryptocurrency.

This is good to hear as I believe it is already having a positive impact on the Cryptocurrency markets. The market really need a boost at this time out and the adoption of Cryptocurrency will definitely move across the globe by the end of this year 2018.

Well it really nice to hear, we all know that Japan is one of the richest country in the world. If ever, most of their countrymen will use bitcoin and will benefit big in bitcoins price value. If not mistaken, as bitcoin introduce to Japan, bitcoin's price is slowly rising. Japan also started in giving their employees bitcoin's as their salary. They are now really giving importance to bitcoin and they are doing their "first" just to improve their usage of bitcoin. I think they trust bitcoin to help them to create innovation to make their lives more easier. Lets just be happy that JApan is part of the bitcoin community.

Japan has always been a model of cryptocurrency, and "bitcoin regulation" may have very different meanings in different countries. In Japan, it means taking steps to protect the rights of citizens, while encouraging responsible use of bitcoin and enabling companies in cryptocurrency areas to do business. In other developed countries, "bitcoin supervision" is a euphemism for "anti-money laundering".

Japan & South Korea is way ahead in cryptocurrency than other countries. Both counties have advanced technology and hence people are aware of what's going on in other tech fields. The good thing is lots of young people getting in, means crypto has great future in next decade.

If only more countries could be like Japan  ::)

I don't think other countries will adopt what's with japan right now, and its really hard going into cryptocurrency if each country government will not be accept it. Good thing about with Japan's government was united with this adoption, and the people itself were having deepest trust with bitcoin. Their place was merged into the fiat system especially the economic trend of the country weren't able to neglect the fact that bitcoin was volatile. Despite of that, the people in their country learned a good attitude by holding bitcoin for a purpose of long term investments and not a day trading scenario. If they sell their assets, they don't sell those that they don't need but instead dumping btc depends on how they really need it for their immediate expenses.