Recapping Bitcoin news that made the headlines this week.
Japan’s OK’s set of Virtual Currency Bills
The Island of Japan has been aggressively pushing for adoption of virtual currencies into mainstream finance and payments. This week, the Cabinet approved a set of bills that expand banking groups’ carte blanche to IT- ventures, such as virtual currency business. Revisions in the banking bill now treat VC’s like bitcoin, similar to real money.
Japan Times wrote:
“The latest bills on virtual currencies recognize them as asset-like values that can be used in making payments and be transferred digitally.”
Just 2 months ago, Japan’s major corporations, Fujitsu Limited, Fujitsu Laboratories Ltd., and Mizuho Bank Ltd, trialed a settlement system using the bitcoin blockchain. meanwhile, trading volumes on the country’s digital currency exchanges have been on the rise. Perhaps the government has realized bitcoin is a possible life raft. It has one of the highest government debts in the world, an ageing population and unstoppable deflation
Steam says Bitcoin support coming soon
PC Gamer reported digital distribution platform Steam, that offers multiple gaming and social network services, announced it will begin accepting bitcoins for PC game purchases on its digital store front. A post appeared on a non-public