Post
Topic
Board Speculation
Re: Japan ends 8% consumption tax on bitcoin Today
by
xhomerx10
on 02/07/2017, 11:57:12 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.
Last time I heard, Japanese were all over bitcoins. They were buying like hell and also that the bitcoin price in Japanese exchanges was pretty higher than the other exchanges.

 I'm going to hazard a guess that it was 8% higher or thereabouts?  The Japanese were paying 8% more for buying Bitcoin (and altcoins) from abroad - now they wont be.   Going forward, we should see parity with other exchanges or there will be an awesome arbitrage opportunity.