Governments Driving Bitcoin Adoption – Japan’s Bitcoin BluePrint

Bitcoin is being embraced in many countries in the world who are now focusing on draft bills, legislation, and regulation. Switzerland, China, Estonia, India, Russia, Malta, Philippines, Antigua and Barbuda, South Korea … and Japan!       Japan – 1 April 2017, a new law actioned making Bitcoin a legal payment system giving the government Tighter oversight from the Financial Services Agency.  An Introduction of the new Virtual Currency Act followed and The Accounting Standards Board working on a framework for treatment of virtual currency.   What was the spin…

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The Top Ten Drivers of the Bitcoin Price

The Bitcoin price continues it’s upward trend and the reasons are being questioned.  Some believe the current Bitcoin bull run could be a bubble, yet if you consider and examine the fundamentals, a very different picture emerges.   What are the Top 10 Drivers of the Bitcoin Price?   In terms of Supply – Only 21 Million Bitcoin will ever be created as well as every 4 years, the supply is halved – it is written into the code and according to a pre described schedule. Here are the top…

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Bitcoin Fever Explodes across Japan

Since 1 April 2017 and the introduction of the new bitcoin law, Japan is moving full steam ahead with bitcoin adoption.  Shortly after the law was set in motion, Major Japanese retailers embraced bitcoin payments, namely Bic Camera and Recruit Lifestyle.   Recently, Peach Aviation, a popular Japanese Airline, announced they were to accept bitcoin as payment for flights.  In a statement by Shinichi Inoue, the founder and CEO of Peach “We want to encourage visitors from overseas, and the revitalization of Japan’s regions. This is a real first step in partnerships for…

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Bitcoin Businesses Eye $40 Trillion FX Margin Trading Market in Japan

Bitcoin continues to boom in Japan after the government made Bitcoin a legal payment system on 1 April 2017. Now there is a rush for bitcoin businesses to register with the FSA Japan so that they can tap into the “Mrs Watanabe” retail investors, who currently favour the $40 trillion foreign exchange margin trading market.     Read full article here – Bitcoin Could Tap into $40 Trillion Japanese FX Margin Trading Market This Year   The World is watching the domino effect of Japan writing Bitcoin as a payment system…

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The Domino Effect of Bitcoin and Blockchain begins, roll on Malta!

The domino effect begins! Firstly, Switzerland started to accept Bitcoin as payment for government services in certain cantons, Japan made Bitcoin a legal payment system on 1 April 2017, then we heard rumblings from Russia and India setting up committees to investigate with urgency. Now Malta is making an even more positive move towards embracing Bitcoin and blockchain technology.   Watch the video below for comments made by the Prime Minister of Malta, Joseph Muscat.   Which innovative and forward thinking country is the next? Read the full article here – Malta…

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