Within a comprehensive ‘session‘ at the 41st General Assembly of the financial Council as well as the 29th Financial Division Meeting, Professor Iwashita Goto of the Public Policy school of Kyoto University, petitioned members to adapt their vision on Bitcoin [BTC].
The major cryptocurrency, he argued, has become something on the far side as a means of transacting, because of its borderless qualities, that have led it to appear throughout the globe in its ten-year history.
“I don’t assume it might be worthy to call Bitcoin [BTC] as a virtual currency,” he summarized.
This comments comes as Japan continues to formalize its native cryptocurrency related ecosystem. Set on making encouraging regulation, the FSA has presently begun ‘offering‘ licenses to new cryptocurrency exchanges willing to serve the Japanese market.
The licensing theme, that features a ‘long roll‘, was partially a reaction to the events of the past 2 years, notably native exchange Coincheck’s half-billion-dollar ‘hack‘ occurred in Jan. last year.
Other industry consumers products additionally continue to see a rollout within the country, alike ‘plans‘ for train travel payment deploying cryptocurrencies. Just last week, Japanese trading platform named ‘Liquid’ proclaimed ‘Unicorn Status’ when it was valued over $1 Bln.