For Crypto Global News I'm Edward. Right now we're taking a look at the nation of Japan and the way the entire country is embracing cryptocurrency. 
The Japanese have a piece of legislation called the virtual currency act and in many ways is setting the tone for how the entire nation is taking onboard crypto. The virtual currency act as a number of things surrounding crypto and block chain technology. 
But perhaps one of the most important is it defines bitcoin as an asset which can be used as a form of payment. It is important to also note that the document does not recognize cryptocurrency as necessarily being a legal currency. Some people call this semantics but in any case it does seem that the country is moving more and more into the direction of acceptance of cryptocurrency. 
Big cameras. One of the largest retailers of consumer electronic goods in Japan has just decided that all of its stores will allow cryptocurrency payments. Yamada donkey is another large Japanese retailer in the electronic space and they're following suit. Now these are not the only two large businesses in Japan. 
They're taking on Bitcoin and other forms of crypto payments. But what's perhaps most exciting about this story are the mom and pop stores in Japan that are also embracing the world of cryptocurrency. If you walk through some of Japan's trendiest urban food and nightlife areas you will find a myriad of businesses that allow payment with different forms of crypto. In Osaka for example you'll find many eateries and bars that accept Bitcoin and other all coins as forms of payment. 
Now obviously fiat currency is not exactly going to go by the wayside and it's not to say that every single person in Japan is actually using cryptocurrency but it is really exciting and interesting to see that many people the country over are embracing the world of block chain and I wonder in the future what other countries may follow suit. Until next time for crypto Global News I'm Edward. You take care.
