Popular digital currency bitcoin surged to a new level in 2016—its highest since February 2014—as traders fly to safety amid Chinese stock market jitters.
The situation is already affecting all aspects of daily living in the country, and the reports of food and medical supplies shortages.
Japan is reportedly close to dropping the 8% sales tax for bitcoin purchases. Documents showed that the plan “could take effect as early as July 2017.”
Popular digital currency bitcoin has already surged 75 percent over the course of 2016—but that’s peanuts compared to 2017.
The finance ministry is delaying the introduction of a bill regulating cryptocurrencies until 2017.
Last week it was Russia. Now, Vietnam is reportedly joining the leagues of countries that will soon legalize virtual currencies like bitcoin.
Finally, some positive news about the digital currency situation in Russia.