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Japan is going bonkers for cryptocurrency — but the country still loves cash

Japan

  • Japan has come to dominate the market for digital currency trading.
  • Still, it is far more cash dependent than other countries.

Japanese investors are going bananas for cryptocurrencies, but the country still has a love affair with paper money.

Japan has become a big market for cryptocurrency trading. 40% of bitcoin trading from October to November was conducted in yen, according to a Nikkei report cited in a note by Masao Muraki, a global financial strategist at Deutsche Bank. The country was among the first to designate bitcoin as a legal tender and it has one of the most well-established and read more >>>

Source:: BusinessInsider.Com