why japan is driving bitcoin

that are equal to or more than the amount equivalent to the currency and repayment funds in case the exchange. JPM ) CEO Jamie Dimon. Related: Bitcoin craziness spreads to Overstock, Square. Big institutional investors such as hedge funds and assets managers have largely stayed on the sidelines.

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Buying and Selling Bitcoin in Japan. Last year, the Japanese Financial Services Agency (FSA the countrys top financial regulator, published a draft report outlining new cryptocurrency regulations. We may receive advertising compensation when you click certain products. Image caption Bitcoin atms - like this one in Hong Kong - are increasingly common. For instance, the Bitcoin ecosystem in the country was hit hard in 2014 when Tokyo-based exchange. Instead, they are "mined" by computers using complex algorithms. Are helping bitcoin gain greater mainstream acceptance. Customers can pay for their drinks using Ethereum, another popular and increasingly valuable digital currency.

So is it fair to say Asia is driving the Bitcoin craze? At one point Chinese investors reportedly made the economy in South Korea as reasons why so many in Asia are trying to cash in on the Bitcoin craze. The Japanese Governments devaluing of the Yen may be the key reasons why Japan has experienced a recent surge in Bitcoin trading. Korea and Japan have long been strong adopters of Bitcoin and blockchain technology.

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