Post
Topic
Board Speculation
Re: Japan ends 8% consumption tax on bitcoin Today
by
audaciousbeing
on 06/07/2017, 22:26:29 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.
No matter how small, its still a boost imagine what relief this would bring to someone who wants to cash out bitcoin after he had paid fees to the miners, then wait for longer time for it to confirm, only to now pay another  whopping 8% on the same cashing out now this is no longer applicable, then I tell you its a good relief for the Japanese people and the signalling effect might eventually roll over in due time.