Bitcoin rallies as Japan adapts cryptocurrency as legal tender – Australasian Lawyer

Bitcoin’s value rose last week after it gained legal currency status in Japan and major retailers rushed to accept the cryptocurrency.

The virtual currency began last week at about US$1,100 per bitcoin. By Friday, the value of each bitcoin rose to nearly US$1,200.

Electronics chain Bic Camera and retail support company Recruit Lifestyle are now exploring accepting bitcoin as payment, a report from the Nikkei Asian Review said.

More at: Bitcoin rallies as Japan adapts cryptocurrency as legal tender – Australasian Lawyer

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