The acceptance of Bitcoin as a mode of payment happens when Japan endeavors to become a haven of crypto innovation and Web 3.0. In December 2022, the country lifted<\/a> a stablecoin ban, allowing their circulation in the country.\u00a0<\/p>\n\n\n\n Recently, the country revised<\/a> its cryptocurrency taxation law to make it friendly to investors. The\u00a0revised law allows businesses to be taxed from the proceeds of their crypto sales. This is unlike the previous provision for taxing unrealized gains on crypto, a major source of tussle with investors.\u00a0Consequently, various Japanese organizations have made forays into crypto, in line with the national tone<\/a>. Rakuten, a Japanese technology conglomerate, is the other organization to announce support for Bitcoin. Mercari's move now means Bitcoin will be available to about 22 million users who visit the e-commerce store on a monthly basis.<\/p>\n","post_title":"Japan's E-commerce Giant Mercari To Offer Bitcoin Payments Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japans-e-commerce-giant-mercari-to-offer-bitcoin-payments-option","to_ping":"","pinged":"","post_modified":"2024-01-10 05:29:44","post_modified_gmt":"2024-01-09 18:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14938","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
