JAPAN plans to become the Bitcoin capital of the world as the Asian country continues to welcome cryptocurrency investment

Last month Japanese cryptocurrency exchange Coincheck announced it would have to pay back more than £300m to customers after their system was hacked, affecting 260,000 customers.

However, unlike their neighbours China and South Korea who are clamping down on the use of online money, the risks have not deterred Japan from their mission to be the first country to widely use cryptocurrencies as legal tender.