Yeah when I heard about this a year back I assumed it would be very bullish because it would bring tons of money into the crypto market. However whenever we got news that it was finally a reality and trading would be allowed, nothing happened. And the price is still not exploding due to this news.
I think the people who wanted to own bitcoin already did in alternate ways and those that want to buy bitcoin won’t do it now but only when bitcoin breaks ATH. Many believe Bitcoin is dead right now because it’s trading sideways for many months.
Yes, but all things considered this is a positive thing when the market sentiment will turn bullish. The more possibilities users have to purchase crypto the better.
We want to promote decentralisation of onramping as much as possible to limit of possibilities of one exchange taking the whole market with it.
Although what you say is true and we want more people to use bitcoin what my colleague says has a point in favor, it is excellent news that Japan and other regions continue to promote this, it is actually what most expect, but We cannot cover our eyes and not realize that what they do always leads to centralization, it is difficult for governments not to have control over something, for this reason they will always look for a way for things to be done under laws and terms, so that they do not it gets out of hand and it's not that only this country is looking for this it's something that happens in general, everyone when they create their maneuvers to allow bitcoin and cryptocurrencies they do it with this approach, maybe for that reason they retract their decisions later and they change the whole panorama, once again restricting digital assets by not achieving their goal, it is sad but it is the reality, they still do not understand the magic of bitcoin and how to really use it.. I just hope that despite this the market moves in favor and we can see reasonable increases in the graphs.