Bitcoin is going mainstream in Asia according to a recent Reuters report. Retail investors, known as Mrs Watanabe, are looking for better return on their money as banks in the region have been offering “near Zero” interest on personal saving accounts for years. Besides this, the Japanese Government Pension Investment Fund (GPIF) has been paying out to a growing retiree pool more than the funds it takes in – GPIF is the largest public pension fund in the world. Japanese citizens know they need to take control of their retirement themselves.
Adding more legitimacy to Bitcoin, Japan made Bitcoin a legal payment system on 1 April 2017, a law that has sparked a domino effect as other countries begin to draft new Bitcoin laws and set regulation on course.
Read more: Fretting over savings, Mrs Watanabe turns to Bitcoin.
Read more: Bitcoin Fever Explodes across Japan
Watch this short video to see which other economies are looking towards Bitcoin:-
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