Quote from: topper26 on July 01, 2017, 06:45:49 PM

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.

Quote from: HeRetiK on July 02, 2017, 12:31:14 PM

Quote from: alyssa85 on July 02, 2017, 11:47:44 AM

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.