Japan officially accepted Bitcoin, and other digital currencies, as money. In particular, Japan recognizes them as having function similar to money. The specific legislation was at works for weeks and it is finally accepted. In addition, payments can be made directly to Bitcoin without the need of converting them to fiat currency. Banks will start investing in Bitcoin as assets for asset management and future gains. We will see the price of Bitcoin skyrocketing due to news like this and because of the halving which is happening in less than three months.

Japan recognizes Bitcoin as money

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