What about bitcoin in Japan

1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity.

2. For the hard bifurcations of bitcoin network, the foreign market is very calm. As the largest trading market of bitcoin in Japan, the development of bitcoin in Japan has experienced twists and turns. After the bankruptcy of Japan's largest bitcoin trading platform in 2014, the bitcoin market once fell to the bottom. However, recently, the trading volume of bitcoin in Japan has increased sharply again, and the application scope of bitcoin is also expanding

coincheck is one of the largest bitcoin trading platforms in Japan. At present, the total monthly transaction amount of this platform has increased from about 3 billion yen at the beginning of last year to 36 billion yen now, expanding 12 times. As for the development of the platform, the president of coincheck, a bitcoin trading platform in Japan, said that in the near future, one bitcoin can be exchanged for 140000 to 150000 yen (about 8700 to 9300 yuan), which is 2.5 times higher than that of the same period last year, and the total number of users registered on the major bitcoin platforms in Japan has exceeded 600000.

among the prosperous shops in Ginza, Tokyo, Japan, You can also see a bitcoin trading machine that can exchange invisible bitcoin and yen notes. People choose to buy, sell and other operations in the trading machine interface, and can easily complete the transaction by scanning the two-dimensional code of the bitcoin wallet on their mobile phone. At present, there are six such bitcoin trading machines in Tokyo and 14 in Japan

in Japan, more than 4200 businesses have accepted bitcoin payment. At this sushi restaurant, when customers check out, they can choose to pay by scanning the QR code of bitcoin bill. Since the introction of bitcoin payment system into the sushi restaurant, the turnover generated by bitcoin payment in one month has reached 500000 to 1 million yen, equivalent to 30000 to 60000 yuan. The manager of a sushi restaurant in Japan said that for businesses, the service charge for using bitcoin to settle accounts is only 1%, which is very cost-effective and convenient.

3. Bitcoin itself is made by the Japanese

4. Japan's financial services agency (FSA) announced earlier that the latest revised version of Japan's payment services act has been passed and officially took effect on April 1, 2017. Bitcoin is recognized as a payment method in the service bill and strictly regulated
in this bill, the Legislative Council defines bitcoin as an asset rather than a currency. People can use it as a way of payment for transactions
relevant units have also put forward requirements that service providers or exchanges operating in bitcoin must register with the Prime Minister of Japan, and the capital scale must not be less than 10 million yen. They must have information technology systems that can prevent theft and loss, and must establish a variety of systems and processes, involving training, internal regulations, governance, outsourcing guidance, etc
the amendment bill also amends the prevention of the transfer of proceeds of crime act. Regulators have asked bitcoin to implement a more stringent "know your customer" process than it currently does. The exchange must verify the identity of the account opening user, keep the transaction records, and report the suspicious transaction records to the regulatory authorities.

5.

Bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. But in China, bitcoin is forbidden to circulate

unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

extended information:

Article 1 of the announcement on preventing the financing risks of token issuance accurately understands the essential attributes of financing activities of token issuance. Token issuance financing refers to the so-called "virtual currency" raised from investors by the financing subject through the illegal sale and circulation of token. In essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities

Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs. The token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have such monetary attributes as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market

Article 2 no organization or indivial may illegally engage in token issuance and financing activities. As of the date of this announcement, all kinds of token issuance and financing activities shall be stopped immediately. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

6. Pretty good, isn't it

7. There is no such thing in Japan

8. Bitcoin was originally a kind of network virtual currency, similar to Tencent's q-coin, but it has been able to buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan
on January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. Democratic Senator Joe Manchin of West Virginia. On February 26, 2014, an open letter was issued to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the current situation of bitcoin encouraging illegal activities and disrupting the financial order, and demanding that actions be taken as soon as possible to completely ban the electronic currency. On January 11, 2017), the Shanghai headquarters of the people's Bank of China and the Shanghai Municipal Finance Office carried out on-site inspection of bitcoin China, focusing on whether the enterprise carried out credit, payment, exchange and other related businesses without permission or license; Implementation of anti money laundering system; Fund security risks, etc. On January 12, 2017, the business management department of the people's Bank of China also entered the trading platforms such as "fire coin net" and "currency bank" in Beijing.