Is Japan the birthplace of cryptocurrency?

Japan has rapidly emerged as a strong hub for the cryptocurrency. Not only is Japan doubtlessly the birthplace of the blockchain, but however, Japan can also be one of the few nations in the meantime with a clear plan for how they want to integrate cryptocurrency of their future.

How big is the cryptocurrency market in Japan?

Japan is the world’s biggest market for Bitcoin and one of the first countries to regulate cryptocurrencies, exchanges, institutions, and the funds involved in the business. Nomura, a Japanese Analyst claims that Bitcoin adds 0.3% to Japan’s G.D.P and About 3.5 million individuals actively use and trade cryptocurrencies in Japan.

Is Japan the world’s biggest crypto exchange?

Gox, the world’s biggest crypto exchange at the time, was a Japanese company. Millions of Bitcoin transactions flowed through Japan. Some of the world’s biggest crypto celebrities lived in Japan.

Why is Japan going crazy about cryptocurrency?

It is evident for everyone to see Japan is going crazy about cryptocurrency right now. This is made possible thanks to the new regulations going into effect, which removed the 8% sales tax when buying Bitcoin and other cryptocurrencies.