The yen has company in Japan in the form of Bitcoin, an emerging, digital currency that is becoming en vogue in many online casinos. Just recently, the government of Japan voted to officially recognize Bitcoin as valid legal currency for its country and citizens to use as legal payment after rigorous debate. The impacts of this historic measure is already being felt with increasing value of Bitcoin in Japan.
In the wake of this move, Japanese, financial institutions will have to undergo training in handling the cryptocurrency, and the Japanese government will both enforce and come up with regulations with regards to the proper usage of Bitcoin. Currently, Bitcoin is not recognized as a legal trading nor legal tender, currency in the United States.
