Japan’s Embrace of Bitcoin Masks Lack of Fintech Investment

Japan’s Financial Services Agency allows Bitcoin to be used to pay for goods and services in the country as part of an effort to foster a growing Fintech industry despite a glaring lack of any significant investment. The Japanese Financial Services Agency announced earlier in the year that they would begin allowing payment for goods and services in bitcoin and require cryptocurrency exchanges to be licensed and audited, giving Bitcoin an actual approval when other countries such as China and Russia appear to be cracking down…

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