Japan is going bonkers for cryptocurrency — but the country still loves cash
|02/01/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>