Bitcoin Contributes Extra 0.3% To Japan's GDP, Says Analysts
Analysts form Nomura, a Japanese finance giant have found that Bitcoin could be adding as much as 0.3 percent extra to Japan's GDP.
Analysts praised the positive effects of people holding Bitcoin on consumer expenditures.
Japan made Bitcoin legal in the country as a currency which made them a pole position in Bitcoin-to-fiat trading.
South Korea Made 64 Times Fiat Deposits To Cryptocurrency Exchanges 64 Times More In 2017
The government of South Korea has recently gathered data of the total amount of fiat deposited to cryptocurrency exchanges in the year 2017.
Data shows that the amount rose 64 times higher than the previous year.
As of December 12, 2017, deposits amounted to $1.95 trillion which is way higher than $30.3 million at the end of 2016.
The risk of losing assets is expected to increase if there will problems that will occur to exchanges due to excessive funding due to overheating of cryptocurrency speculation.
Because of that, Lawmakers are looking to act fast in strengthening the management and supervision of exchanges.
Headlines for the world of Cryptocurrencies - January 01, 20182017 Has Been A Milestone For Crypto Assets / Initial Coin Offerings (ICO) Has Raised $5 Billion in 2017 |
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Headlines for the world of Cryptocurrencies - December 31, 2017Chicago Mercantile Group (CME) Launches BTC Futures Trading Simulator / First Bitcoin Transaction On The Lightning Network Completed Via Bitrefill |
Headlines for the world of Cryptocurrencies - December 30, 2017The European Union Plans To Regulate Bitcoin For Mass Adoption / Ripple Remained Green Amidst Other Cruyptocurrencies Going Down |
