[11-04-2018]Over 3.5 Million Cryptocurrency Investors In Japan

[bitzamp.com]

Japan, the leading country in adoption of digital currency, has more than 3.5 million cryptocurrency investors, according to a preliminary report from the country’s Financial Services Agency on Tuesday. For the first time, Japan’s financial regulator has published data on the cryptocurrency trade in the country, confirming its status as a leading bitcoin center.

Financial Services Agency (FSA), the Japanese Financial Authority, has released a report compiling data from 17 major cryptocurrency exchanges in Japan and found that more than 3.5 million people, or nearly 2.8 % of its population, invest in the emerging asset class.

The agency added the number may be much higher since it is only counting with data provided by 17 out of a total of 32 companies operating in Japan. There are at least 100 more waiting for the registration of the Financial Services Agency (FSA) of Japan.

Read More: https://bitzamp.com/over-3-5-million-cryptocurrency-investors-in-japan/

[Basmic]

I think you pay a lot of attention to Japan. It seems to me that it is not a center for the cryptocurrency market. Japan is a very closed country. She is really loyal to the fact that the Japanese use cryptocurrencies, but residents of other countries have no access to the Japanese market. You cannot register on the Japanese exchange. International exchanges are also experiencing big problems with obtaining a license to work in Japan.

[Xavofat]

People in Japan have a lot of savings on average, so they have the opportunity to try different options without putting themselves into serious financial jeopardy.

They also have a relatively equal wealth distribution for a developed country, so people who invest are generally ordinary people who are not unusually wealthy.

However, I don't think that having a large number of investors is necessarily a good thing.  Many of these ordinary people are also amateurs to investing in general, so they tend to have a less planned out strategy.  In South Korea, a huge amount of young people bought Bitcoin near the peak and suffered huge losses when the price fell.  Sometimes social pressures can cause people to invest without really thinking about it.

[Alex077]

Japan is one of the leading markets for cryptocurrencies, and after China's bans, many investors started working with Japan. Citizens have quite high savings, and it gives them the opportunity to choose the best assets for investment. Japan supports cryptocurrencies in everything, and this is good news.

[MoonJeina]

Japan is the birth pace bitcoin and that is why its exposure at that country is way more than anywhere in the world . The people of Japan have not only accepted cryptocurrencies but have also invested , traded and did services for it . The country is making some huge movements in this field and any up or down faced in that country highly determined the price and graph of bitcoin . That is the reason why many people over there are attracted in investing them as they are aware of its potential since Japan is such a technologically advanced country.