Regarding the issue of the rule of law the use of digital currency, Japan is somewhat a step ahead than any other country. The Japanese government has legalized the use of digital money as an official means of exchange in the country. The company issued the bitcoin base-based bonds, as a measure of monetizing the digital currency.
Japan is a country that treats bitcoin, a digital currency (cryptocurrency) like any other currency in general. Such legality, then drives the use of bitcoin as an underlying asset (asset basis) of bonds or bonds.
A research and investment company from Japan, released a new thing that is somewhat unique, namely issuing bonds (bonds) based bitcoin. Value of this bond issuance is still fairly mini, which is only 200 bitcoin equivalent to US $ 813,000 or Rp 10.85 billion. The offered coupons are 3% per annum.
This product became the first one in the world. The purpose of publishing is none other than to test the effectiveness of using bitcoin into a fundraising tool.
It is also a method for investors to monetize bitcoin. Just so you know, many investors are now treating bitcoin as a safe haven, following tensions between the United States (US) and North Korea (North Korea).
Masayuki added that Japan is arguably the most advanced country in treating cryptocurrency as a legitimate means of payment. The cryptocurrency law has been passed since last April under the government of Japanese Prime Minister Shinzo Abe.
Bitcoin can ultimately be recognized as a fundamental asset of financial products acceptable to the global community. Of course Fisco will benefit from these investment innovations. "If someday we act as arranger, of course we will get a fee,"
A number of companies in Japan have treated bitcoin as a legal means of payment. A number of entities such as camera companies, Bic Camera Inc. And airline Peach Aviation Ltd. Has received bitcoin as a means of payment.
Then SBI Holdings Inc., starting last month has received money transfer e-currency digital. While the big banks in Japan, Sumitomo Mitsui Financial Group Inc. Together with a consortium will implement transactions using bitcoin in the near future.
Until Thursday last week, bitcoin had traded at the level of US $ 4,362 per unit.
"The virtual currency has become an attractive investment asset.That is the main reason why the price of this virtual currency is soaring,"
Many assets in the form of yen and won are now diverted into cryptocurrency as fears of war broke out on the Korean peninsula.
BitFlyer Inc., the company's virtual currency exchange startup service provider in Japan, has tripled its number of subscribers in the past year, from 200,000 to 600,000.
I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.
- Albert Einstein
what
Japan is aheadin this case but I don't think it is gonna bring any good to country as a public domain is yet to be cleared of its doubts.....a great post....upvoted u nfollowed