GMO and Kabo Among 18 Japanese Firms Applying for a Bitcoin Exchange License
- Japan will stop applying consumption taxes on cryptocurrencies in July, which attracts financial firms to join the market.
Approximately eighteen firms are in the process of applying for a Japanese Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange license according to the Japan Cryptocurrency Business Association, the Nikkei Asian Review reports. These include currently operating cryptocurrency trading venues, such as Japan’s biggest bitcoin exchange bitFlyer, as well as some new names.
The London Summit 2017 is coming, get involved!
Among those newer-to-the-field applicants we can see some very strong and known brands from the finance sector including: GMO Internet, Inc. (TSE: 9449), financial services conglomerate SBI Holdings (TYO:8473) and Kabu.com Securities.
The most obvious reason for this rush of new entrants into the Japanese bitcoin exchange business is that Japan will stop applying consumption taxes on the purchase of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term starting July 2017. Additionally, the meteoric price rises of altcoins such as Ethereum and Dash as well as the record performance of bitcoin all attract financial firms to join the market so they can offer their investors and traders exposure to the instruments.
Back in January, after it was revealed that GMO Internet had decided to participate in the cryptocurrency exchange and trading business and already established a bitcoin subsidiary, GMO Wallet Co. Ltd., we analysed the possibly great importance this could have on the online trading industry.
Approximately eighteen firms are in the process of applying for a Japanese Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange license according to the Japan Cryptocurrency Business Association, the Nikkei Asian Review reports. These include currently operating cryptocurrency trading venues, such as Japan’s biggest bitcoin exchange bitFlyer, as well as some new names.
The London Summit 2017 is coming, get involved!
Among those newer-to-the-field applicants we can see some very strong and known brands from the finance sector including: GMO Internet, Inc. (TSE: 9449), financial services conglomerate SBI Holdings (TYO:8473) and Kabu.com Securities.
The most obvious reason for this rush of new entrants into the Japanese bitcoin exchange business is that Japan will stop applying consumption taxes on the purchase of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term starting July 2017. Additionally, the meteoric price rises of altcoins such as Ethereum and Dash as well as the record performance of bitcoin all attract financial firms to join the market so they can offer their investors and traders exposure to the instruments.
Back in January, after it was revealed that GMO Internet had decided to participate in the cryptocurrency exchange and trading business and already established a bitcoin subsidiary, GMO Wallet Co. Ltd., we analysed the possibly great importance this could have on the online trading industry.