[2018-01-26] Bank of Japan: No Big Problems With Bitcoin So Far

[OpenCT]

It’s not the sexiest headline in the world, but so far things with bitcoin seem to be going relatively well in Japan, according to a Bank of Japan (BOJ) Director-General. With increasing calls from world leaders to unite and devise a global regulatory regime for cryptocurrencies, Japan has taken a strikingly different approach.

https://news.bitcoin.com/bank-of-japan-no-big-problems-with-bitcoin-so-far/

[Qartersa]

It’s not the sexiest headline in the world, but so far things with bitcoin seem to be going relatively well in Japan, according to a Bank of Japan (BOJ) Director-General. With increasing calls from world leaders to unite and devise a global regulatory regime for cryptocurrencies, Japan has taken a strikingly different approach.

https://news.bitcoin.com/bank-of-japan-no-big-problems-with-bitcoin-so-far/

I think the Japanese government's radical and quick move on Bitcoin made Japan even more appealing to almost all investors because not only did it add to its all-ready wonderful country that is rich in pleasant culture but it also showcases how strong-willed, independent, and innovative the Japaneses are. This is a wise move because it definitely improved the standing of Japan in terms of its financial market. Just imagine how many stores in Japan have already accepted Bitcoins as payment. Surely this boosted Japan's economy because there is good circulation of money brought about by the increased spending power of the people plus the fact that there is money concentration. This unique approach enabled it to be one of the pioneers who welcomed Bitcoin with open arms, resulting to positive effects in its national economy.

Take a look at this link for more information: https://www.cnbc.com/video/2018/01/26/maryland-gov-larry-hogan-why-were-offering-5-billion-in-incentives-to-amazon-for-hq2.html

[davis196]

It’s not the sexiest headline in the world, but so far things with bitcoin seem to be going relatively well in Japan, according to a Bank of Japan (BOJ) Director-General. With increasing calls from world leaders to unite and devise a global regulatory regime for cryptocurrencies, Japan has taken a strikingly different approach.

https://news.bitcoin.com/bank-of-japan-no-big-problems-with-bitcoin-so-far/

"So far" is the most important part of this title.Big problems might occur in the near future,when more people in Japan start to use bitcoin for speculation.A global regulatory regime for all cryptocurrencies is a great idea ,but all the big countries need consensus for such global agreement.
I like the fact the Japanese people are not so greedy and they still don`t use bitcoin for speculation purposes(this will change for sure).They want to implement it as a normal digital currency,which will bring more stability for the btc price.

[Kemarit]

It’s not the sexiest headline in the world, but so far things with bitcoin seem to be going relatively well in Japan, according to a Bank of Japan (BOJ) Director-General. With increasing calls from world leaders to unite and devise a global regulatory regime for cryptocurrencies, Japan has taken a strikingly different approach.

https://news.bitcoin.com/bank-of-japan-no-big-problems-with-bitcoin-so-far/

There was a recent hacked on a Japanese trading platform Coincheck:

https://www.japantimes.co.jp/news/2018/01/27/national/cryptocurrency-exchange-coincheck-loses-58-billion-hacking-attack/#.WmxyHXaWbIU

So I'm not sure if this will affect how Japanese government will see bitcoin or crypto for that matter. Although it was NEM, but still it is a major heist since the hackers took off with $500 millions. It's too early to say, but let's see how the Japanese government will deal with the recent attack. I hope that they will remain as the leader and not fall to the pressure of other nations like Germany and France or even China to put up a strict regulations around cryptos.