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Why Bitcoin Japan (Is Bitcoin Trading Legal in Japan)

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Why Bitcoin Japan (Is Bitcoin Trading Legal in Japan)

Why Bitcoin Japan Why Bitcoin Japan The number of Cryptocurrency exchange registered by Bitcoin Japan in the Financial Services Agency is increasing. From October 2017 to the beginning of 2018, the Japanese yen accounted for the top ten in total trading volume, and now more than 100 fiat currencies have been transferred to Japan. This indicates that if we want to continue this momentum, it requires a very large system to support digital asset trading Due to Bitcoin being one of the most popular digital assets globally, more and more institutions and organizations are starting to use Bitcoin. These companies also include major banks such as Bank of America and Wells Fargo. According to CoinMarketCap data, global investment in Bitcoin peaked in the first quarter of 2019, but its actual investment return was negative. In addition, many people see the platform as a substitute for e-commerce applications like PayPal or eBay However, as the price of Bitcoin continues to rise and people’s interest in encryption technology grows, countries are also considering adopting Bitcoin as a payment method. Although Bitcoin is still a ‘new thing’, in the past few years, it has been easier for Bitcoin to enter the market compared to other traditional goods. For example, Amazon is one of the companies. Google is also developing its own blockchain network to help customers easily access encrypted data and allow users to send and receive payments directly through Google Cloud without restrictions, making it an attractive project

Is Bitcoin trading in Japan legal

According to Cointelgraph, is Bitcoin trading in Japan legal? In response to the question about whether the Financial Services Agency of Japan (FSA) will ban virtual currency transactions such as Bitcoin, the agency said: “At present, the regulatory policy is not clear, but on the other hand, it may have a negative impact on Cryptocurrency investors and the market.” In addition, the FSA said that “if the assets held by users exceed 500000 yen (about 9500 dollars), they are not allowed to use credit cards or debit cards to purchase.

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