Bitcoin

Revolution

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Today, Bitcoin reached an unprecedented milestone against the Japanese yen, surging to a record-breaking 7,870,000 JPY. This marks the highest valuation for&nbsp;<a href="https://u.today/will-bitcoin-hit-100000-rich-dad-poor-dad-author-kiyosaki-makes-shocking-prediction" rel="noopener noreferrer nofollow">Bitcoin</a> in Japan since November 2021, surpassing the previous record of 7,794,000 JPY.&nbsp;
The surge in Bitcoin's value against the yen coincides with a notable increase of 25% over the past two weeks, outpacing its 22% gain against the dollar during 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. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="94e937ee-9a31-4050-942e-babce1475a53" src="https://u.today/sites/default/files/inline-images/BTCJPY_2024-02-19_17-21-53.png">Source: <a href="https://www.tradingview.com/x/am1O0rvJ/" rel="noopener noreferrer nofollow">TradingView</a>
This surge in&nbsp;<a href="https://u.today/nearly-1-billion-in-bitcoin-disappears-after-transfer-from-major-us-exchange" rel="noopener noreferrer nofollow">Bitcoin's price</a> comes amid significant 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.&nbsp;
<h2 dir="ltr" id="japanese-crypto-revolution">Japanese crypto revolution</h2>
Until now, Japanese venture capital firms were prohibited from direct investment in crypto assets. However, a recent decision by the Japanese government signals a shift in regulatory stance, allowing these firms to engage in crypto-exclusive ventures. Reports from&nbsp;<a href="https://coinpost.jp/?p=511133" rel="noopener noreferrer nofollow">CoinPost</a> suggest that Japan intends to submit draft amendments to parliament as early as 2024, reflecting a significant step forward in regulatory reform.
The convergence of Bitcoin's record-breaking performance in Japan and the regulatory shift underscores a notable evolution in the crypto landscape. As institutional interest in digital assets continues to grow worldwide, Japan's regulatory measures position the country as a key player in crypto adoption and innovation.&nbsp;
With&nbsp;<a href="https://u.today/edward-snowden-calls-bitcoin-most-significant-monetary-advance" rel="noopener noreferrer nofollow">BTC</a> breaking previous price barriers and regulatory hurdles gradually being addressed, Japan stands poised for increased prominence in the global market.

Bitcoin Breaks All-Time High in Japan Amid Regulatory Revolution

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