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Showing posts from November, 2017
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Looking back at a year ago, the Chinese market controlled and accounted for around 90% of all bitcoin trading. After the ban on initial coin offerings and the regulatory moves to shut down local coin exchanges, the market on cryptocurrency in China  hit a stark decline. What was once a giant powerhouse of currency exchange, suddenly dried up into a small piece of the large market. CLICK HERE After the market was somewhat quarantined, many of those involved decided to go to a friendlier place to the business, and that ended up being Japan. Earlier this year, Japan legalized bitcoin and recognized it as a valid currency in the country. Japanese bitcoin trading now accounts for around half of the volume of trading of the currency around the world, with around 25% coming from the U.S. After the market was somewhat quarantined, many of those involved decided to go to a friendlier place to the business, and that ended up being Japan. Earlier this year, Japan legalized bitcoin and