It's Official: Japanese Government Officially Accepts Bitcoin

Earlier this year Japan, announced new rules to allow people to make purchases such as products or services with Bitcoin. Japanese cryptocurrency exchanges were also required to be licensed which officially approves Bitcoin.

Cointelegraph.com

Investors usually don't like regulation but in Japan, cryptocurrency has been going up in value since the new laws went in to effect. The centralized laws are also are making Bitcoin more trusting and acceptable by Japanese investors.

In Japan, cryptocurrencies are run by fintech, an artificial intelligence and date storage company. Japan's Fintech has investments over $65 million. This may change economic activity which has Japanese banks worried that it will become mainstream.