Best Country For Crypto?? Here’s All You Need To Know!
Published: 2024-03-17
Status:
Available
|
Analyzed
Published: 2024-03-17
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Japan is predicted to be the first country globally to widely adopt tokens and wallets.
"Japan is positioned to advance towards a society where tokens and wallets are accepted by the public perhaps first in the world"
Pending
Japan aims to confidently lead the world in promoting the future of Web3.
"Japan is in a position to advocate with confidence the immeasurable future of web 3 to the world"
Pending
Major tech executives from Apple, Microsoft, Amazon, and Meta have visited Japan with new proposals after reviewing their Web3 white paper, suggesting potential future investment or collaboration.
"Executives from Apple Microsoft Amazon and meta flew to Japan after reading the white paper and brought and I quote a number of new proposals along with them"
Pending
Japan, once a leader in the crypto industry, is now being avoided by entrepreneurs due to its regulatory environment.
"Japan which had once led the world's crypto industry up to the mid 2010s has become a country that is avoided by entrepreneurs both domestically and internationally"
Pending
Compared to the US, Japan has had more straightforward crypto regulations for about a decade, focusing less on the commodity vs. security debate.
"while the US still has its knickers in a Twist over which cryptos get to be Commodities and which are to be down to security D Japan has had a fairly straightforward regulations for the best part of a decade"
Pending
Yen-pegged stablecoin collateral must be held in Japanese institutions without investment, subjecting them to low or negative Japanese interest rates.
"collateral for Yen Peg stable coins has to be held in Japanese financial institutions and can't be invested anywhere this means they're subject to Japanese interest rates which are generally below 0.1% if not negative"
Pending
Transactions involving non-Yen stablecoins on exchanges in Japan will be capped at approximately $6,700 per transaction.
"non-en stablecoin transactions on exchanges will be subject to a 1 million yen limit per transaction that's about $6,700 at the moment"
Pending
The number of cryptocurrencies available on Japanese centralized exchanges remains limited, in the double digits.
"the total number of cryptos available on centralized exchanges in Japan is still in the double digits"
Pending
Japan's largest exchanges have a significantly lower number of listed cryptocurrencies compared to international exchanges, with Bitflyer having 33, bitbank 38, and coincheck 27.
"on bitflyer Japan's biggest exchange we counted just 33 cryptos bitf Flyer's main competitors are bitbank which has a whopping 38 cryptos listed and coin check where we were able to check only 27 coins"
Pending
The maximum leverage for crypto futures trading in Japan is limited to 2x.
"you want to get rich quick trade in crypto Futures sure slide that leverage bar right up to the legal maximum and see what it says 2x"
Pending
Japan was a global leader in the Bitcoin industry and was the first country to seriously consider regulating cryptocurrency.
"Japan once had the biggest Bitcoin industry in the world and as we mentioned earlier it was the first country in the world to take crypto seriously enough to try and regulate it"
Pending
The Mt. Gox hack resulted in the loss of 850,000 Bitcoin, valued at approximately $56 billion today, representing 7% of Bitcoin's circulation at the time.
"in total car claims to have lost 850,000 Bitcoin worth around 56 billion today and accounting for 7% of Bitcoin circulation Supply at the time"
Pending
Coincheck reimbursed customers with $435 million in cash within two months of their hack, using up to 90% of the company's capital.
"within 2 months of the hack they made good on a promise to use up to 90% of the company comp's Capital to reimburse customers ultimately paying out $435 million in cash"
Pending