Is Japan Becoming the New Bitcoin Trading Superpower?

Japan is an interesting country when it comes to Bitcoin. Not only does Japan treat Bitcoin like money, it is all set to end the sales tax on purchases of cryptocurrencies this spring. What is more interesting lately, however, has been the surge in Bitcoin trading volumes in Japan. While China is easily the leader in Bitcoin volumes, what is going on with the Japanese volumes is an interesting story itself. It would come as no surprise that it closely mirrors the mysterious case of the Chinese volumes. A high volume euphoria. In order to understand what is going on in Japan, we talked with....

3 September 2021, OKCoin Japan Exchange announces its official listing of IOST. The listing of IOST on OKCoin Japan marks IOST’s next important milestone in its global expansion and adoption. Specifically in Japan, in 2020, IOST has been approved by Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, successfully become the 14th […]

For now, it remains unclear why this shift is happening at this point in time. Bitcoin markets continue to evolve over time, which creates an intriguing paradigm shift. China remains the largest market for Bitcoin trading, but the number two position is up for grabs. For some time, the USD market held this place firmly, yet they have been overthrown by Japan. Over the past few days, there has been a significant growth in the Japanese market, catapulting it to the second place in terms of volume. It is rather surprising to see the USD market lose ground compared to other regions. More....

A Robocoin bitcoin ATM has reached the shores of Japan. The device has reportedly been delivered to 49-year-old Motonori Kan in Suzuka, a city some 200 miles west of Japan's capital, Tokyo. Kan, in preparation for the delivery, obtained a used-goods dealer license and imported the device as a "vending machine", despite the fact it's so much more. Despite the delivery, it's not exactly available for public use at a certain location yet. Mr. Kan's ultimate plans are to make his company (a trading company he runs with his brother) the importer of Robocoin ATMs in Japan. The locations of the....

The Japan Virtual and Crypto Assets Exchange Association (JVCEA) plans to allow crypto trading platforms to list coins without going through a lengthy screening process. “We hope the latest measure will help revitalize Japan’s crypto assets market,” said the vice chairman of the association. Relaxing Listing Rules for Cryptocurrencies The Japan Virtual and Crypto Assets Exchange Association (JVCEA) is planning to loosen crypto listing rules to make it easier for trading platforms to list cryptocurrencies, Bloomberg reported Wednesday, citing a document it has seen. The....