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This paper presents the situation of the cryptocurrency market at the end of 2017 and the challenges that the crypto community still faces. Thanks to its crypto friendly legal framework, Japan should be the country to watch in 2018. The currently high transaction fees of Bitcoin offers an opportunity for Japanese crypto assets to become the preferred payment method on the island and maybe in the world.
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This paper presents the situation of the cryptocurrency market at the end of 2017 and the challenges that the crypto community still faces. Thanks to its crypto friendly legal framework, Japan should be the country to watch in 2018. The currently high transaction fees of Bitcoin offers an opportunity for Japanese crypto assets to become the preferred payment method on the island and maybe in the world.
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It is true that Japan cannot be doubted in the field of technology, even the creator of bitcoin when viewed from his nickname, it is a name derived from Japan country
. The possibility of Japan will take an active role in addressing the biggest issues of bitcoin today, namely very high transaction fee and very slow transactions. Although altcoin originating from Japan should be a concern this year, but remember, that they also have their own company. I believe that Japan wants this technology to impact the whole world, not only benefit the country alone.