Why Bitcoin is Big in Japan

[Coroline]

-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

because japan is a country that supports the development of crypto, and bitcoin comes from japan. therefore the price of crypto is very high in japan. and the Japanese government legalized transactions with crypto. for example like xrp which will be used by japan banks

[PokerStein1]

Japanese people are always good with technology and they are well educated people they can see the huge potential in Bitcoin and Blockchain.

[PauloLuks]

Japan recognized bitcoin as a legal form of payment last year. There's already more than 4,500 stores in Japan that allow payments with bitcoin, and some sources say that number may increase five times by the end of this year.

[Timok Abiodun]

Japan is  dominant ICO market in Asia, and one of the fastest-growing in the world. Internet and IT behemoth GMO recently announced a token sale.
 Financial services firm SBI Group announced no fewer than eight new cryptocurrency-based businesses.
, the country’s continental neighbors, dogged by blanket bans and restrictive legislation, are flocking to move their ICOs,
with Coincheck claiming to have received “hundreds of requests from Chinese startups” requesting to list their tokens.
Even local municipalities governing a few hundred people are getting in on the act

[vonnyaries]

i hoe that other country will use bitcoin like japan, because we all know that japan is the one country that accept new technology and they don't block and banned the new technology in the public, i think if all of country like japan i think the new technology especially bitcoin will grow up in this world

[Periodik]

Japan is an advanced country. Japan is also very much open-minded in terms of the latest technologies. After all, the country is one of the most active in terms of producing the latest advancements in technologies. Unlike China that appears to be ahead in terms of economy but is actually very backward in terms of open-mindedness, Japan has openly accepted future technologies such as Bitcoin. Obviously, it has become the cryptocurrency hub in Asia. 

[millgates]

Japan has any infrastructures to that required to apply bitcoin as payment methode and all people there are also very usual with technology. Japan is good environment for bitcoin users. Actually there are also other countries that begin to accept bitcoin.

[3angel84]

Bitcion is big in Japan it is because people in Japan  had already the high technology an they can easily adapt what's new specially in bitcoin.they are not easily give up even if the value of btc is low they invest more.

[BTR Community]

Everyone else is doing it now and I heard they are making a lot of money. I have to get on it now. That’s a very Japanese way of thinking. To be honest, I am not sure if people are buying into Bitcoin based on rational decision-making. It feels more of a short-term irrational mania to me. 

[zeingrind777]

The volume of bitcoin trade in Japan jumped after the enactment of laws in the country that recognize bitcoin as a legitimate payment instrument. even the Japanese bitcoin market is among the most centralized. Approximately 99% of BTC / JPY trade volume occurs only on three exchanges. About 80% of JPY / BTC trades take place at Bitflyer and Bitflyerfx exchanges. Coincheck followed as the second largest Japanese stock exchange (15%), and Zaif as the third exchange (4%).

[Kocret02]

The volume of bitcoin trade in Japan jumped after the enactment of laws in the country that recognize bitcoin as a legitimate payment instrument. even the Japanese bitcoin market is among the most centralized. Approximately 99% of BTC / JPY trade volume occurs only on three exchanges. About 80% of JPY / BTC trades take place at Bitflyer and Bitflyerfx exchanges. Coincheck followed as the second largest Japanese stock exchange (15%), and Zaif as the third exchange (4%).

the factor of the law in Japan that makes bitcoin higher and big in japan, the government gives freedom to traders and the public to have bitcoin and can be used as income.

[BETAWI]

There are some reasons why bitcoin is big in japan. First, bitcoin was introduced in japan in 2009. The second , it is accepted and legalized by the government. That is why it can grow well because people and all users also supported strongly.

[lantan81383628]

Japan's reasonable and effective regulatory policies, including KYC regulations and ICO guidelines. Under the premise of protecting citizens' rights and interests, the Japanese government has made the domestic encryption money market prosperous and developed, which is worthy of learning and learning from all countries.

[ChConcept]

It is never a surprise that Japan would be very much open and adaptive to Bitcoin. Bitcoin is a great innovative technology that would be a huge help on our financial systems so Japan knows a great technology once they see one. They are known as a technologically advanced nation plus the fact that they have investment savvy people that is why they are very excited, supportive and adaptive to Bitcoin and they want to maximize the good things that they can get out of it.

[syaripudin]

Bitcoin became very large in Japan because the first of course bitcoin has full support provided by the Japanese government and this will certainly be many investors from various countries who go to Japan to conduct investment activities in the country. I think that's some of the reasons why bitcoin grows in Japan and one of the reasons is as I said that government support will be one of the bitcoin growth factors.

[lehuong]

The government has accepted virtual currency and some restaurants, cafes, banks have traded bitcoins and the government has set policies to make bitcoin more stable. So bitcoin is in place for Japan

[Sithara007]

Japan's reasonable and effective regulatory policies, including KYC regulations and ICO guidelines. Under the premise of protecting citizens' rights and interests, the Japanese government has made the domestic encryption money market prosperous and developed, which is worthy of learning and learning from all countries.

The first major Bitcoin scandal occurred in Japan (remember the Mt Gox robbery?). That probably prompted them to apply strict regulations and guidelines for crypto-trading. But for their credit, they have never tried to discourage or ban crypto-trading.

[felicity06]

-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

We know that Japan is one the most progressive country in Asia. That's why it is not surprisingly why bitcoin was big in Japan. Japanese people are so very intelegent so that they use their knowledge to create new things tha lead to their modernization and advancement in the technology.  

[Jaky]

-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

Maybe because Their one of the leading high tech country and the japanese saw a lot of potencials that Btc has to offer for their nation.. Their also one of the big supporters of crypto currencies.. Btc is acceptable to their goverment as well..

[blueteam09]

-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

Japan is known as a financial power in the financial world, so I'm not too optimistic about your views. In particular, Japan accepts Bitcoin and Crypto as legitimate, and I've seen a topic in this forum in the past that posted a picture of a Bitcoin advertisement hanging on a high rise building in Japan.