Japan is starting to love bitcoin again...

[BTCLovingDude]

very interesting, it seems like yesterday when i read the article about Japan deciding to regulate bitcoin and make an official currency in the Guardian.

but i didn't thing that the effect of it would be felt this soon!

always interesting to read about bitcoin news in Japan,the media always give us good news from that country,but actually we dont know what excatly happen there,i wish japanese people will explain what really happen there.

it is always good to see these asian countries that are a lot more accepting towards any new technology not just bitcoin.
first the Chinese people who have always been one of the biggest investors in crypto and now Japan is joining the party.

[mkc]

I wonder if had anything to do with earthquake. Maybe no western union service, people have to use Bitcoin to move the money. This is positive for Bitcoin development.
I hate always associate Bitcoin with drug and shit.

[Zaun]

Japan is always been loving Bitcoin since the day it is started. It is infact the first country who openly accepts the bitcoins and hence you can give Japan Government and people credit for this. Credit for showing faith and trust in the future biggest currency while every other country has their reservations to promote the coins.

Yeah it is almost natural for the people from Japan to love Bitcoin. They are the first people to accept Bitcoin because the inventor of Bitcoin is from Japan.
It is normal that Bitcoin has such an influence in Japan and on Japanese people. 

[target]

JPY should  have start loving btc back then, its not too late though but yeah I guess Asians have now seen btc potential in the finance world. its where the future is going anyway./
They should also start manufacturing mining devices and set up mining companies as well.

[Jasad]

JPY should  have start loving btc back then, its not too late though but yeah I guess Asians have now seen btc potential in the finance world. its where the future is going anyway./
They should also start manufacturing mining devices and set up mining companies as well.

and asian people already knowing about that,start from china and Japan as peoneer in bitcoin world,nowdays they have so many mining companies and good exchange,this is will blowing up bitcoin in Asia,i wish all potential countries in Asia will make good move.

[bitcoinboy12]

JPY should  have start loving btc back then, its not too late though but yeah I guess Asians have now seen btc potential in the finance world. its where the future is going anyway./
They should also start manufacturing mining devices and set up mining companies as well.

and asian people already knowing about that,start from china and Japan as peoneer in bitcoin world,nowdays they have so many mining companies and good exchange,this is will blowing up bitcoin in Asia,i wish all potential countries in Asia will make good move.

Yep, Asia now is promoting Bitcoins more and more this days. Actually in Manila they are getting more commercialized. 711 stores which is a big convenience store line already allows transfers to coins.ph for your Bitcoins.

[davinchi]

Your title includes the word 'again'.
I just would like to ask op, when did japan not liked bitcoins? They are pioneers of Bitcoins. It's not surprising that they love it AND they really should. Japan has contributed so much into the world and no one can stop them! (and nobody needs to).

[Slowturtleinc]

Your title includes the word 'again'.
I just would like to ask op, when did japan not liked bitcoins? They are pioneers of Bitcoins. It's not surprising that they love it AND they really should. Japan has contributed so much into the world and no one can stop them! (and nobody needs to).

Sound a little defensive are you Japanese by any chance? Japan has been down this road before I believe and that is what he is referring to in the title. Not sure where you get the idea Japan loves bitcoin,they tend to lock things down rather then let anything grow.
Japan still whales,Japan has a very closed migration policy and they also have one of the strictest import policies for food. So bitcoin being loved seems to be a push.

[Lionidas]

Japanese people have always been warming up to technology and it's future innovative ways so this is no surprise. They will be the leader one day of bitcoin as China are usually thee labourers of the financial things and Japan just turns it around in their favour in the end.

[Slowturtleinc]

Japanese people have always been warming up to technology and it's future innovative ways so this is no surprise. They will be the leader one day of bitcoin as China are usually thee labourers of the financial things and Japan just turns it around in their favour in the end.

Has this become some kind of propaganda thread for pro Japan. How are you guys making such blanket statements about Japan being number one in this field? This last thread I quote has a slight righteousness to it.

[btvGainer]

I hope this adoption of bitcoin by Japanese give great boost to bitcoin price and it hits $1000 soon.I think more than convenience in spending,what attracts people to bitcoin is its price which most people believe can go as high as they can imagine

[alani123]

The way Japanese people were introduced to bitcoin through mainstream media after the MtGox incident was just cruel. Their government back then was proposing about a global coalition to create laws in order to regulate bitcoin effectively. It's good that they seem to have abandoned that route for good now.

[wikenpp]

The way Japanese people were introduced to bitcoin through mainstream media after the MtGox incident was just cruel. Their government back then was proposing about a global coalition to create laws in order to regulate bitcoin effectively. It's good that they seem to have abandoned that route for good now.

Yeah Gox did hurt bitcoin's reputation, although I am sure the media would have badmouthed bitcoin anyway. Good to see them crawling back, personally I don't like 1 country controlling most of the volume; pools and miners.

[nanonymousx]

 Gox hurt bitcoin's reputation, but did not hurt Japanese reputation. The founder of Gox is not Japanese. Japanese are always friendly and buy up everything, including bitcoin, I hope this time they will buy all coins.

[gtglener]

I wonder if had anything to do with earthquake. Maybe no western union service, people have to use Bitcoin to move the money. This is positive for Bitcoin development.
I hate always associate Bitcoin with drug and shit.

bitcoin is not associate with any drug and shit, these were only rumors which were there only for a little time, now no one is talking about that shit. Every bitcoin user who is aware with the feature of bitcoin are busy with it and are waiting for the interesting event of halving, they do not find any time for drugs etc.

[Vaskiy]

I hope this adoption of bitcoin by Japanese give great boost to bitcoin price and it hits $1000 soon.I think more than convenience in spending,what attracts people to bitcoin is its price which most people believe can go as high as they can imagine

I don't think that by adoption of Japanese the bitcoin price is going to hit some peaks. We can expect a huge price change during the time of halving which makes more users including Japanese to love bitcoin more and tend to adopt it very soon.

[znickelbackz]

I wonder if had anything to do with earthquake. Maybe no western union service, people have to use Bitcoin to move the money. This is positive for Bitcoin development.
I hate always associate Bitcoin with drug and shit.

bitcoin is not associate with any drug and shit, these were only rumors which were there only for a little time, now no one is talking about that shit. Every bitcoin user who is aware with the feature of bitcoin are busy with it and are waiting for the interesting event of halving, they do not find any time for drugs etc.

maybe it exists in the deepweb, even a common thing. i'm not sure, i have never entered deepweb before and i don't have plan to do that. bitcoin maybe associate with terrorists, assassins...

[ElpadroBitcoin]

i remember there was a topic here a while ago talking about the Japanese thinking about announcing bitcoin officially as a currency. this might be as a result  of that. and lets not forget about the upcoming halving and the price rise.

\
Yeah it is normal for the Japanese people to love Bitcoin because the inventor from Bitcoin is from Japan if I am correct. So Bitcoin has of course a bigger influence in Japan then on the rest of the world. 

[n0ne]

Japanese people have always been warming up to technology and it's future innovative ways so this is no surprise. They will be the leader one day of bitcoin as China are usually thee labourers of the financial things and Japan just turns it around in their favour in the end.

As mentioned Japan is one of the country which has the capability to make innovative things. As a part in their technological advancement as well growth they have started loving bitcoin. Soon we can expect a government released digital coin in Japan.

[Denker]

http://www.japantimes.co.jp/news/2016/03/04/business/tech/japan-oks-recognizing-virtual-currencies-similar-real-money/

Japan OKs recognizing virtual currencies as similar to real money

The Cabinet on Friday approved a set of bills to help banking groups expand their information technology businesses and to recognize virtual currencies as having a function similar to real money.

Under the revised banking bills, bank-holding companies will be able to acquire IT-related ventures. The move is aimed at promoting innovative financial services called “Fintech” and allowing banks to embark on new settlement systems and other businesses.

The bills also include measures for helping regional banking groups consolidate their fund and system management more easily after realignment, as well as improve their business efficiency.

The latest bills on virtual currencies recognize them as asset-like values that can be used in making payments and be transferred digitally.

By requiring registration of exchanges that handle them and designating the Financial Services Agency as their regulator, the government hopes to prevent money laundering and enhance protection of the virtual currency users.

Regulations on the virtual currencies were prompted by the Financial Action Task Force, who called for them in a report last year. The task force is an international body on countering money laundering and terrorist financing.

The FSA began pondering the introduction of new rules after major bitcoin exchange Mt. Gox Co. abruptly shut down in 2014 after its former CEO admitted it had lost around ¥48 billion in assets.

Bullish I would say!