JAPAN'S BLESSING ON BITCOIN

Bitcoin’s accession in Japan

The Financial Times reports on October 18th 2017 that Japan’s financial authorities have made a framework that supports crypto-currency related start-up businesses.

As a result of FSA’s regulations issued earlier this year, a true milestone in Bitcoin’s history, Bitcoin payments for products and services have already been possible for some time in Japan.

Another positive development is that Japanese financial authorities issued operation permissions to 11 Bitcoin trade exchanges in the autumn of 2017.

Japan’s hopes from these steps is that all the capital ”sitting” in bank deposits can be freed which will give the Japanese economy a new momentum.

Source: Financial Times

https://www.ft.com/content/b8360e86-aceb-11e7-aab9-abaa44b1e130

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