Why Bitcoin is Big in Japan

[xfaqs01]

because the creator of bitcoin is a japanese? hahah im not sure maybe, after all the name satoshi nakamoto is a japanese name.

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[mmp95]

This depends on the attitude of the local government. Japan’s attitude toward Bitcoin is relatively supportive. It is easy to develop. This is why Bitcoin is accepted by most people in Japan.

[kaya11]

-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.

I've seen her interview on a video and on how she is very popular in Japan to be called as Miss Bitcoin. And you know what? She's cute.  

Because BTC owner from japan but another country have big value too because in japan first BTC from

There's no assurance that Satoshi Nakamoto is a real Japanese, base on this account profile here in forum he's a good English Speaker and SN is like his pseudonym.

Most scientist are fluent in English speaking so it's still a possibility that Satoshi was a Japanese. I strongly believed that he is even though I do not have solid evidences.

[Xester]

Bitcoin is big in Japan but there is a possibility that it will also crumble if you heard the news that bitcoins regulation in Japan became more stricter. This new regulations can no longer be complied by bitcoin exchanges and thus they have no choice but to shutdown. It was more than 1 exchange but if even 1 exchange can comply with the requirements bitcoin will still blossom in Japan.

[ALAY012]

JAPAN plans to become the Bitcoin capital of the world as the Asian country continues to welcome cryptocurrency investment despite several high profile hacking attacks, according to investment experts. The Tokyo Government is hoping the capitalise on the growth in interest for cryptocurrencies as their opportunity to improve the Japanese economy.

[nara1892]

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.

I agree. Japanese technology is very good that makes their development increase dramatically. However I have asked some Japanese friends about bitcoin. One of them said that a famous businessman of Japanese stated that those who hold bitcoin will be rich. However, there aren't many Japanese hold or collect bitcoin. My Japanese friends even said that they don't own bitcoin. They prefer office jobs.

[fromnicetoevil]

Well there is the fact that bitcoin started in Japan and also Japan is a very tech savvy country and they are very good with technology s adoption isn't hard there.

[Claudyah]

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

[ethereumhunter]

maybe Japan is open for a new technology and they think that not all of the new technology is bad for the human so they accept bitcoin in Japan and this makes bitcoin become big in Japan. and if other countries do the same, I think bitcoin will bigger again so the spreading of bitcoin could be in all country and more people will come and use bitcoin too.

[lantan81383628]

Japan missed the age of the Internet and was reluctant to miss the block chain, so the Japanese government strongly supports bitcoin's development, even though it considers it risky. Last October, for example, the FSA, the financial services authority, issued a virtual currency exchange licence, recognising the legal status of bitcoin in Japan. The BTC is the ultimate belief in all cryptographic virtual currencies, and the recognition that bitcoin is the equivalent of giving the green light to other encryption.

[BTR Community]

I think Japan's is pro bitcoin approach could be the reason why bitcoin is big in Japan people in Japan are more interested in the bitcoin because rules and regulations are not so rigid should be very flexible there and also official, that's why it is big in Japan.

[marcuslong]

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.

I agree. Japanese technology is very good that makes their development increase dramatically. However I have asked some Japanese friends about bitcoin. One of them said that a famous businessman of Japanese stated that those who hold bitcoin will be rich. However, there aren't many Japanese hold or collect bitcoin. My Japanese friends even said that they don't own bitcoin. They prefer office jobs.

For so long years past japan is very well known not just of their economy, but also the descipline they have practice always. That's why more of their people prefered to choose bitcoin, and as good results of hardworks they adapt digital currency. As a growing country, the demand of bitcoin is now highly recognized in Japan so they now became famous worldwide. More other countries now is getting interested with how great this bitcoin asset has become to be, most of them think that profit is with bitcoin even though its volatile.

[ponicita]

Maybe Satoshi Nakamoto has something to do with it 
If Satoshi is a real man and its not just a nickname, he is definitely japonese

[kaisul67]

I think because japan is the most trust to bitcoin and the technology there supports huge bitcoin mining so much success is also due to bitcoin

[Hallmader]

All in all, I believe that Japan is always several steps ahead of other countries in terms of technology and its adoption. While others are still pulled back to the old and conventional norm, Japan is looking forward to the next innovation in technology. The world is dominated by countries that are badly stuck in the obsolete systems, of practices that are considered archaic. Japan is not this kind of country. Although the culture is kept very much strong and alive in their lives and day to day practices, the technological setting is pretty advanced. 

[flymedia89]

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[Brangos99]

Why bitcoin is big in Japan
Because bitcoin comes from japan, bitcoin is grown to this day. So do not be surprised if the big bitcoin in japan.

[Belleylock]

As we all know bitcoin started in Japan (claimed), by Satoshi Nakamoto (claimed) which started in 2009. Of course it started to be popular in Japan, for we all know Japan is an advance country, including the ways of business. and so the group who discovered a way to spread and shout their name for the people top be informed about their company. Actually in Asia, Japan is only the second biggest number of people using bitcoin, South Korea ranked first with the most numbered bitcoin users in Asia. I think that the reason bitcoin is famous in Japan is because, this is where bitcoin came from and also because of the advancement of how they introduce their business.

[Sum24]

I think because japan is the most trust to bitcoin and the technology there supports huge bitcoin mining so much success is also due to bitcoin

Yes Japan has lot of new technologies and bitcoin is one of them so they know very well that how they can make their economy bright and good using new technologies so they are using bitcoin for the betterment of their country they are not putting any restrictions on bitcoin to be use, people are openly using bitcoin, and truest me bitcoin is almost legal in Japan and in south Korea as well, so they are well developed which made the value of bitcoin higher over there.

[yhnshjka]

There may be two reasons
a. Japan’s policy is very friendly to Bitcoin. Japan is the only country in Asia that declares legal Bitcoin. The Japanese exchange is legally protected by the Japanese government.
b, China's ban. China’s ban has caused Chinese people to seek new trading locations overseas. Japan is a very good choice. A large number of transactions have shifted Japan and brought Japan a large number of trading users.