Today, Bitcoin reached an unprecedented milestone against the Japanese yen, reaching a record high of 7,870,000 JPY. This marks the highest rating for bitcoin in Japan since November 2021, surpassing the previous record of 7,794,000 JPY.
Today, Bitcoin reached an unprecedented milestone against the Japanese yen, reaching a record high of 7,870,000 JPY. This marks the highest rating for bitcoin in Japan since November 2021, surpassing the previous record of 7,794,000 JPY.
Bitcoin’s rise in value against the yen coincides with a notable 25% rise over the past two weeks, outpacing its 22% gain against the dollar over the same period. Notably, Bitcoin’s all-time high against the dollar remains at $69,000, indicating potential for further upward movement in its value.
This increase in The price of bitcoin It comes amid major regulatory developments in Japan, the world’s fourth-largest economy. Japanese authorities have recently granted approval for local venture capital firms to invest in cryptocurrency projects, marking a departure from previous restrictions.
Japanese crypto revolution
Until now, Japanese venture capital firms were prohibited from investing directly in crypto assets. However, a recent decision by the Japanese government signals a change in regulatory stance, allowing these companies to engage in crypto-exclusive ventures. Reports of Coin publishing suggest that Japan intends to submit draft amendments to parliament starting in 2024, reflecting an important step forward in regulatory reform.
The convergence of Bitcoin’s record performance in Japan and regulatory change underscores a notable evolution in the crypto landscape. As institutional interest in digital assets continues to grow around the world, Japan’s regulatory measures position the country as a key player in cryptocurrency adoption and innovation.
With btc By breaking previous price barriers and gradually overcoming regulatory hurdles, Japan is poised to gain greater prominence in the global market.
