The continuous rally in the crypto markets is believed to be mostly connected to the recent Japanese law, in which cryptocurrencies are considered as legal payment methods exempt of consumer tax. (bitcoinist.com)
A little over a month after Japan declared the digital currency bitcoin (BTC) to be an officially recognized legal payment method, the Japanese bitcoin exchange Coincheck has announced the first interest - paying bitcoin deposit accounts for the Japanese market. (bitcoinmagazine.com)
As reported by CoinDesk, Japan passed a law in April of last year that recognizes bitcoin as legal payment method and requires cryptocurrency exchanges to be licensed. (coindesk.com)