Companies in both Japan and South Korea have been experimenting with the blockchain, the technology introduced by Bitcoin that allows multiple parties to keep shared digital records. So far, though, virtual currency trading in Japan and South Korea has not been tied, in any significant way, to buying or selling things with Bitcoin or any of its competitors. At various points in the past few years, China has been thought to account for over three-quarters of all Bitcoin trading. Advertisement Continue reading the main storyJapan was also home to the first major Bitcoin exchange, Mt. The legal status of virtual currencies in South Korea has been less clear than in Japan.

Source: New York Times October 01, 2017 22:18 UTC