Always love reading and sharing good news about bitcoin!
Woohoo!
This isn't some bullshit law to just regulate bitcoin either, it is a legitimately effective law for potential bitcoin buyers because otherwise they'd be looking to take a 8-10% loss as soon as they purchase bitcoin, which would deter a lot of people from ever using bitcoin.
Australia has done a similar thing, effective 1st july as well.
Does anyone have any figures on how many Japanese are actually using bitcoin to buy stuff (the consumption tax would only affect those who use bitcoin as a currency).
Asking the hard questions. So far I doubt that it's little more than a novelty.
Actually, since the law has been announced i have heard of a lot of retail stores/hotels in japan accepting bitcoin or planning on doing so in the near future. Even if merchants don't pick up bitcoin, as i said it's still an added incentive for investors to invest in btc in japan.