Japan Endorses 11 Different Crypto Exchanges.
Have you heard yet china has banned all of crypto from thier land? Well one of Japan’s Financial Services Agency (FSA) announced last Friday that they are endorsing 11 different cryptocurrency exchanges. Japan is clearly on a path to becoming the headquarters for everything Bitcoin, especially since China .. grrr recently crippled their crypto market by banning exchanges, it might even ban mining any coin period.
What does this mean for Japan?
Well Japan now represents one of the most cryptocurrency-friendly countries in Asia, Which is not so surprising considering most of the tech comes out from there and do not forget anime!
Bitflyer CEO Comments on Japan’s Pro-Bitcoin Attitude
Japan has been exploding with demand for both Bitcoin, Ethereum trading as well as virtual currency services. The FSA’s approval for bitFlyer to operate as a Registered Virtual Currency Exchange, and the agency’s openness and forward thinking regulation could not come at a better time for the Blockchain space.
Great move JAPAN! We love you
Japan and Bitcoin’s Future
This great news sets the stage for Japan’s transition into the largest and friendliest Asian player in all of the cryptocurrency market.
This occurred after China lost trading volume as a result of its crackdown on both ICO’s and exchanges. This catapulted Japan's mission as an Asian leader in the cryptocurrency ecosystem.
Some questions remains though.
What do you as a steamin think about Japan endorsing these cryptocurrency exchanges?
Will Japan remain the friendliest Asian Bitcoin market?