Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.
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https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/So we have another FUD or is it the really true news for us to think upon it. Japan is already taking great moves the bitcoin and so far many of the commercial businesses has already accepted the bitcoin as mode of payment in Japan itself. If Japan really help this adoption to push to next level then I am sure bitcoin and other crypto currencies will be pumped to ATH which is going to be more than 20K for sure. Because global adoption will bring 5-10X more investors into the crypto world after this bill has passed. I think Japan will become first ever country to push the crypto currency in such great way and it will have most of the acceptance of crypto currencies. Thats a good news I believe.
I also very much want to believe that Japan will persuade the rest of the countries to adopt bitcoin. But to expect that this will happen very quickly - not worth it.