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Japan was one of the early adopters of bitcoin with the crypocurrency viewed as a credible payment method and and with Tokyo yet to regulate the digital token investors are flocking to the country.

It has grown to become the world leader in bitcoin trading and now accounts for 40 percent of the global total of transactions.

Amid a worldwide crackdown on bitcoin, Tokyo is now considering whether or not to focus on protecting consumers from wild fluctuations by implementing regulation in price or preserving the country’s reputation for innovation.

The connections between bitcoin and scams, tax evasion, money laundering and funding terrorism have raised concerns for most countries but so far Japan has not implemented any restrictions on bitcoin.