Paying with bitcoin: A closer look at Japan's cryptocurrency boom


Posted at Mar 06 2018 07:15 PM | Updated as of Mar 06 2018 10:49 PM

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MANILA - Japan is experiencing a cryptocurrency boom after China and South Korea cracked down on cryptocurrency exchanges. 

Bitcoin is considered legal tender in Japan, and shops accept payments made in the "virtual currency."

But, as Cathy Yang reports, the recent hacking of a Japanese cryptocurrency exchange, which resulted in the loss of $540 million worth of digital tokens, has slowed down the adoption of cryptocurrencies.