Post
Topic
Board Speculation
Re: Japan ends 8% consumption tax on bitcoin Today
by
Rahar02
on 01/07/2017, 23:41:38 UTC
Good BOOST for monday.

The boost won't be that big. Japan still isn't the leader in trading. Also, somebody should investigate how their Bitcoin businesses are really doing.
I suspect there could be big interest in the currency but only out of curiosity and very little real use.

I suspect the same. I don't think actual mainstream BTC usage is really there yet. Either way it's a step in the right direction.

At least Japan has taken a step further than any other countries, because it is a good idea to eliminate the 8% consumption tax on bitcoin transactions and will encourage people in Japan to invest/use bitcoin for various purposes such as remittance service to send bitcoin all over the world "without paying a price gap". Since Japan applied taxes to purchases bitcoin before this decision which make people should pay more to acquire bitcoin, now it has been abolished and we expect more adopters join in bitcoin community.