Japanese banks invest in local bitcoin exchange

[ajaxmoor]

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.

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.

[1713430873]

1713430873

[1713430873]

1713430873

[Chin Cheng]

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

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.

[sotoshihero]

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.

[ASHLIUSZ]

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.

[RoommateAgreement]

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

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.

[Adelajda]

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.

[requester]

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.

[BitFinnese]

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.

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.

[densuj]

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

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.

[cengsuwuei]

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

[Sled]

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.

[nara1892]

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.

[Raimonn]

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.

[xuan87]

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

[bravehearth0319]

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

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.

[Kprawn]

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.

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. 

[aso118]

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

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.

[Pettuh4]

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.

[Vaccinus]

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

[kidoseagle0312]

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

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.