Why Bitcoin is Big in Japan

[CryptoBry]

It is poignant and sweet that the one who started Bitcoin is name as a Japanese (though nobody can be sure if he/she/they can be real Japanese nonetheless the name is a a great tribute to the Japanese people). Today, Japan is one of the first country that truly embraced Bitcoin much ahead of USA which is having some doubts on how to regulate Bitcoin and cryptocurrency in general. We have to thank Japan for this brave act and for having a good vision of the future....a world where power is truly given back to the power to make their own destiny and where money is already in the digital form.

[ShadowBits]

-Miss Bitcoin
Mai Fujimoto, aka Miss Bitcoin on her social media platforms, figure-heads an attitude that seems to be crowing in the Land of the Rising Sun.

-Why the hype in Japan?
The attitude in places like China and even Korea is one of the people battling against the regulators. There is huge interest in these two nations from the citizens, but regulators have put their foot down.

-A good alternative
Bitcoin also comes at a great time for the investment-savvy Japanese as ultra-low interest rates from the deflation-battling central bank that has left investors scratching their heads for places to find returns on their cash.

Source: https://cointelegraph.com/news/bitcoin-its-big-in-japan

Yep, that is why Japan is the most hightech country in the world, there are the first ones to embrace all new things about technology, no wonder they are so tight.

[Klestar]

Well its very expected to a first world country with technology advancements well known in the world. Also japanese are welcoming and having a positive approach towards cryptocurrency which lead to its growth on their country. Japan has a good and well manage regulations of bitcoin and holders. I think it is well develop in Japan because the creator of bitcoin named Satoshi Nakamoto which is a japanese name.

[burdagol12345]

-Miss Bitcoin
Mai Fujimoto, aka Miss Bitcoin on her social media platforms, figure-heads an attitude that seems to be crowing in the Land of the Rising Sun.

-Why the hype in Japan?
The attitude in places like China and even Korea is one of the people battling against the regulators. There is huge interest in these two nations from the citizens, but regulators have put their foot down.

-A good alternative
Bitcoin also comes at a great time for the investment-savvy Japanese as ultra-low interest rates from the deflation-battling central bank that has left investors scratching their heads for places to find returns on their cash.

Source: https://cointelegraph.com/news/bitcoin-its-big-in-japan

Bitcoin is so big hit in japan because its regulated in there country,people and all platform exchanges have a free will to do there transaction in investment trading or mining bitcoin without probihiting by the government.virtual currency is part of the progressing economy in japan its help a lot and done big contribution in there country that why bitcoin have a  big name in japan.

[bitfocus]

because Japanese people are smart and they always stay with good tech advancement. Also, those Japanese people seem smarter than average bubbling dummies about Bitcoin.

[Florc41]

Maybe because the ones who created it originated from Japan. They make bitcoin the tax revenue from the tax cryptocurrency business, gain taxes from individual investors and corporations. As online reports always tell Japan wants to become the bitcoin or cryptocurrency capital in the world. Japan believe in bitcoin that even other countries withdrawn due to hacking incidents and lost millions but still believe in bitcoin potentials.

[stratarenz]

Japan is a modern country, and people in Japan like to adapt what is latest in modern day altscoin is easy to use just one tap. That's why bitcoin is big in Japan

[TeraBitHoven]

Japan embraces not only bitcoin but its blockchain technology, which is beneficial in many especially for an independent country. Japan maintains its reputation on being technologically advanced country and adopting bitcoin can be a good opportunity.

[alyssa85]

Japan learnt a lot from the collapse of Mt Gox (which was based in Japan). They have basically had three years to carefully go over the books, find out what went wrong, and make regulations to prevent it happening again.

Most other countries are flyng blind when it comes to regulation, they are not sure what needs regulating and what needs leaving alone. As a result they're taking the easy way out and just banning it.

[Kprawn]

Japan learnt a lot from the collapse of Mt Gox (which was based in Japan). They have basically had three years to carefully go over the books, find out what went wrong, and make regulations to prevent it happening again.

Most other countries are flyng blind when it comes to regulation, they are not sure what needs regulating and what needs leaving alone. As a result they're taking the easy way out and just banning it.

For sure, most countries would have slammed the Ban Hammer on all Crypto currencies, if something like Mt Gox happened

in their countries. The Japanese government investigated, found solutions and tackled the Bull by the horns. They will reap

the benefit for making bold decisions, early in the game. No technology will prosper without the government backing it in

some way. 

[Ranly123]

Japan is known for being technologically advanced, so it's no surprise that the country as a whole embraces new technology. They know that technology must be nurtured, not feared.

People don't say it enough, but Japan's government also plays a huge role, being supportive of crypto in general. There are regulations, yes, but they're not overbearing, and they don't spout FUD like "stricter regulations will come". I'm sure it's easier to get into Bitcoin as a newbie if you don't have fears that the government will make life hell for you in the future.

That should what every nations do, to take away the fear of those people who want to invest in bitcoin or even in other cryptocurrency. Like what Japan did to their people, they support what the people really need and that is to regulate and not totally ban the possible source of income for their people.  

[19faraon88]

Maybe because of their technology. We know that Japan rich and advance in terms of technology and Most of the Japanese are Rich. Also, Japanese are smart. Maybe they know that their money will grow if they invest in bitcoin.

[Turkish88]

Japan is country with strong econmic, i think gmans believe in tech and crypto

[mammothine]

I'm surprised it's not BIGGER in Japan tbh.

[hopingman05]

Its nothing new. Japan is one of the most technological country, for sure they are the one's who will accept these kinds of advancements. If not because of world war II they have already built more technology than any country had.

[shinjunobi09]

Technically it is big in Japan because it is where it is created Satoshi Nakomoto is Japanese in my wild guess, and beside Japan is a very technological country in which they are open to possibilities in accepting any technological innovation which can help improved or developed their country.

[AliMan]

Its nothing new. Japan is one of the most technological country, for sure they are the one's who will accept these kinds of advancements. If not because of world war II they have already built more technology than any country had.

We all know that Japanese are really advanced when it comes to technology. Bitcoin is part of investion that is related to technology which is a type of cryptocurrency. They always cope up with the advancement of technology to make their economy grow more and adapt digital financial system for the purpose of future. Also, their governmern plays a big role why bitcoin is supported in Japan. Bitcoin cannot be accepted by Japanese if their government did not support it.

[bahula33]

-Miss Bitcoin
Mai Fujimoto, aka Miss Bitcoin on her social media platforms, figure-heads an attitude that seems to be crowing in the Land of the Rising Sun.

-Why the hype in Japan?
The attitude in places like China and even Korea is one of the people battling against the regulators. There is huge interest in these two nations from the citizens, but regulators have put their foot down.

-A good alternative
Bitcoin also comes at a great time for the investment-savvy Japanese as ultra-low interest rates from the deflation-battling central bank that has left investors scratching their heads for places to find returns on their cash.

Source: https://cointelegraph.com/news/bitcoin-its-big-in-japan

https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wOTAzNmU2NTEzYzJhYzVkMzc2ZDRhMGMxMWNiOTA4NC5qcGc=.jpg

The volume of bitcoin trade in Japan jumped after the enactment of laws in the country that recognize bitcoin as a legitimate payment instrument.

[gunungkembar]

-Miss Bitcoin
Mai Fujimoto, aka Miss Bitcoin on her social media platforms, figure-heads an attitude that seems to be crowing in the Land of the Rising Sun.

-Why the hype in Japan?
The attitude in places like China and even Korea is one of the people battling against the regulators. There is huge interest in these two nations from the citizens, but regulators have put their foot down.

-A good alternative
Bitcoin also comes at a great time for the investment-savvy Japanese as ultra-low interest rates from the deflation-battling central bank that has left investors scratching their heads for places to find returns on their cash.

Source: https://cointelegraph.com/news/bitcoin-its-big-in-japan

this is because the founder of bitcoin which has a Japanese-like name and in Japan its economy is very advanced and appreciate the development of new financial technology is very big in japan. that's probably what makes bitcoin very big in japan.

[malourdesesmores07]

Japan is strong in economic growth and known for being technologically advanced, so it's no surprise that bitcoin in Japan is big.