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    Home ยป Japanese yen became the most popular fiat currency when trading bitcoin

    Japanese yen became the most popular fiat currency when trading bitcoin

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    By BlockchainJournal on December 24, 2018 News
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    According to the Coinhills service, the most popular national currency used to buy and sell bitcoin is the Japanese yen.

    As you can see, JPY is a few percent ahead of the popularity of the American dollar (USD). The daily trading volume in a pair of BTC / JPY is 653,244 BTC.

    USD firmly holds the second position. The third place with a large margin from the dollar is South Korean won. This is followed by the euro, the Polish zloty and the Russian ruble.

    The queue at the Financial Services Agency of Japan (FSA) are about 200 applications from Bitcoin exchanges who want to get a license. Recently, the Coincheck marketplace received this permission, from which hackers stole $ 534 million worth of cryptocurrency in January.

    We also note that recently opened the possibility of making deposits in the BTC, ETH and XRP cryptobirth VCTRADE of the Japanese financial giant SBI Holdings. The official launch of this exchange took place in July .

    Recall recently FSA proposed to merge Bitcoin and other virtual currencies into the category of cryptoactives.

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