Virtual currencies have been in the limelight in recent years due to the sharp rise in prices. In particular, the degree of attention in Japan is high, and it can be said that it is outstanding among the major developed countries and Asia.
One of the reasons for this is that the media prices have been widely reported due to the sharp price increase from the latter half of 2017 to the beginning of 2018. Due to this soaring price of virtual currency, it has become recognized by people who have never been interested in it.
Although Japan is very interested in virtual currencies like this, what is the Japanese ownership rate of virtual currencies? Therefore, we will focus on the holding rate and introduce it while comparing the Japanese virtual currency holding rate with other countries.
In addition, we will also tell you how to open an account and how to purchase virtual currency.
It is a currency that can be used as a means of payment, such as legal currencies such as banknotes and currency issued by the central government and central banks, and electronic money such as electronic money.
Cryptocurrencies in https://bitcoinsystem.app do not need to be relayed through banks, which is time consuming and costly when transferring money, unlike fiat currency. For example, in the case of Bitcoin (BTC), which is a typical virtual currency, you can send money to the world at low cost and speedily by going through an authentication procedure called mining.
Virtual currencies are bought and sold on the market every day not only for practical purposes, but also for investment targets such as stocks and foreign exchange transactions. You can also purchase other virtual currencies with legal currency such as Japanese yen, US dollar, euro and various virtual currencies you have, or sell the virtual currency you purchased and make it into legal currency or other virtual currency.
Blockchain technology
Major virtual currencies are supported by a technology base called blockchain, which protects currencies from tampering and ensures transaction safety.
All transaction data such as sales and remittances are stored as blocks on this blockchain and shared among users. By being shared, all users can monitor it, and there is a mechanism to prevent fraud by malicious persons.
Decentralized
The virtual currency is supposed to be used as an alternative to legal currency such as Bitcoin (BTC), and there is a “decentralized” currency that is independent from the country and central banks.
It is expected to play a role as a unique currency that is unlikely to be affected by the politics and economy of the country, and is unlikely to be affected by the financial crisis or the national financial failure. This type of property can be a great advantage in countries with poor economic power, where political unrest and inflation frequently occur.
The currency of such a country has a poor monetary value and the fluctuation of the currency level is very large. Because the value of the home currency is not stable, the role of the virtual currency will become important as a means of payment to protect one’s own assets and as an alternative to the home currency.
What is the virtual currency holding ratio of the Japanese in the world?
According to the survey results released on May 9, 2018 by “Dalia Research”, a global data research company in Berlin, Germany has a virtual currency holding of 7% of the average of the surveyed countries. The rate was found to be the highest at 11%.
This survey was conducted via the Internet for 29,000 people in eight countries with large virtual currency markets. In addition to country-specific cryptocurrency holding rates, awareness, understanding, and willingness to purchase in the future were also investigated.
Regarding the ownership rate, Japan has the highest ownership rate among the surveyed countries, exceeding the respective 9% in the advanced financial nations of the United States and the United Kingdom. The breakdown of the eight countries surveyed is Japan, the United States, United Kingdom, Denmark, India, China, South Korea, and Brazil.
Japan is second only to South Korea with 83% and 87% of recognition for virtual currencies, and 61% with understanding level.
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