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Prospects and Risks of the Development of Japanese Cryptocurrency (monacoin)

https://doi.org/10.26794/2308-944X-2019-7-2-45-47

Abstract

In this article, the prospects and risks of the development of the Japanese cryptocurrencies are discussed. Japan has the most progressive regulating climate in the world for cryptocurrencies. The land of the rising sun is the homeland of a large base of investors of cryptocurrency and users. In 2018 Japan was the second or third largest economy in the world for bitcoin. Averages of the Japanese yen of 11 per cent of the global trading volume for BTC, keeping it a nostril in a nostril with South Korean won for global trade domination after the USA dollar. For the country only 127 million people of 11 per cent of the global trading volume — influence is more than usual size per capita on the crypto industry.

About the Author

Sh. J. Asadova
Financial University
Russian Federation

Shabinem Jabir kyzy Asadova

Master’s student, International Finance Faculty

Moscow



References

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Review

For citations:


Asadova Sh. Prospects and Risks of the Development of Japanese Cryptocurrency (monacoin). Review of Business and Economics Studies. 2019;7(2):45-47. https://doi.org/10.26794/2308-944X-2019-7-2-45-47



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ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)