Why Bitcoin is Big in Japan

[Britanshio]

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.

Yeah I would agree.They really know how bitcoin and crypto currency grow to be more successfully of an income that creates a big value to all people in this world.

[1713243628]

1713243628

[1713243628]

1713243628

[1713243628]

1713243628

[demonz666]

because japan has legalized bitcoin as a valid payment instrument. the youth of the community welcomed bitcoin positively even they believed that bitcoin encouraged their economic growth, japan accounted for nearly half of all total trade cryptocurrency. bitcoin also encourages the purchasing power of the Japanese people.

[nurbay]

Why Bitcoin is Big in Japan ??
I think Japan is a very advanced country, they use technology to facilitate everyday life.
No exception Bitcoin, Bitcoin is considered the latest technological result as a digital currency that facilitates transactions that the Japanese do. Many of the benefits gained from managing investments with Bitcoin.
Every country people use the technology so that many Japanese people who use Bitcoin and the Government of Japan strongly supports the existence of Bitcoin.

[Pandu Gleen]

because a lot of Japanese influence on the main development is the founder of Bitcoin originating from Japan and also due to the enthusiasm of Japanese society with Bitcoin is very high therefore Japan can be said to be a base Bitcoin from around the world that has a very rapid development.

[tooiu3]

It may be explained that Japan has more advanced ideas and Bitcoin will bring more convenience to them, so people in Japan are more interested in Bitcoin.

[boksoon]

-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

Japan is also one of the sources of high-technology uses to many people spread out throughout the world that's why we are not wondering why Japanese country is a large volume of users of BITCOIN and they are not making a bad intention to be a Bitcoin crackdown because they know that Bitcoin is a big help for every individual.

[UAE Seasider]

I personally think that the final point in the original post probably has the biggest influence in the equation. The Japanese have had to endure Zero or even negative interest rates since 2011 that is 7 years without any yield and of course negative in real terms against inflation. People want to put their money somewhere and get a return so Bitcoin was a simple choice.

[Vektrum]

In Japan, the government's favorable attitude toward the crypto-currency. There, bitcoin has been recognized as an official means of payment since April last year. The acceptable rules for the circulation of crypto currency and its taxation have been established. Crypto currency yields to the state, gross domestic income in Japan over the past year due to the introduction of the crypto currency increased by 0.3 percent. Citizens earn money on the crypt. Therefore, there is a common interest of citizens in the crypto currency. Even if about 20-30 percent of the population know about the crypto currency, in Japan this percentage of awareness reaches 80.

[Cryptorezer]

The volume of bitcoin trade in Japan jumped after the enactment of the law in the country which recognizes bitcoin as a legal means of payment. Now about 60% of bitcoin trade takes place through the Japanese market including the most centralized. 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 bourse (4%).

[fernandoaleixo]

Japan is a great nation that understands since very early the importance of science and technology, being as highly educated as it is, it's no surprise that they've embraced cryptocurrency so quickly! I remember the bank of Tokyo being one of the first government companies in the world to address and legalize cryptocurrency, cheer for Japan!

[Latviand]

Japan is a great nation that understands since very early the importance of science and technology, being as highly educated as it is, it's no surprise that they've embraced cryptocurrency so quickly! I remember the bank of Tokyo being one of the first government companies in the world to address and legalize cryptocurrency, cheer for Japan!

In terms of modern technology, japan are included in here. Becayse japan are good in modern technology and i think they allowed it to enter in their country because bitcoin is like a modern money that's why they allowed it to use free in their country. Also, they see the advantage of the bitcoin that others can't see.

[dubinsky]

I think it's because bitcoin is "born" from Japan, so no wonder if bitcoin is big in its own country, ie Japan. Other than that Japanese society is aware of technology, so bitcoin can easily be accepted by various circles of Japan society.

[minthit]

Probably, it's because Japan is most open minded and have prepared and are preparing for the upcoming challenges.

[Rebisco]

-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

In Japan, most of the people are aware to what is bitcoin. They are the first country who fully legalized the bitcoin. There are many big companies in Japan that are paying their employees through the use of bitcoins.

[nacareng]

Big Bitcoin Secrets in Japan This knowledge-based approach also depends on the importance of a reliable regulatory framework. The bankruptcy of Mt.Gox prompted the Japanese government to decide how to treat Bitcoin and was preceded by a push by local regulators to license cryptocurrancy exchange. Decentralization is chosen for people to use and invest worldwide. it's even big in countries that have problems with Bitcoin or even ban it, like Venezuela.

[minhdang2212]

Japan is a crypto-friendly government. The Japanese government is very supportive of crypto. I think that because Japan is a country with few mineral resources, cough will choose to develop digital assets such as crypto

[mkcube]

Japan is a crypto friendly currency that is why bitcoin in japan has a big value.The japanese givernment is very supportive.Most of the people live in japan is open minded and have prepared what the bitcoin going to happen.

[Df9898]

because the first time it has a bitcoin in Japan and that Japanese bitcoin why bitcoin big there.

[pekavcilar01]

I think it's entirely human.
Technology is very advanced in Japan. That's why people are one step ahead of the whole world.
The Crypto market is more important in Japan.