Btrz_JokerBTC_728x90_en.gif

Japan’s Covid-19 Stimulus Payments Didn’t Flow Into Crypto


Covid-19 relief money does not seem to have been spent by many Japanese on cryptocurrencies. In April, the Japanese government began distributing 100,000 yen payments — about $930 — to every household. But did the Japanese follow some in the United States and spend that money in crypto exchanges? The data from the three major crypto exchanges in Japan suggests they probably did not. In his latest report, Yuya Hasegawa, a market analyst at Bitbank exchange notes some “irregularities” in the month of June in terms of deposits but overall concludes that the coronavirus relief payments did not result in significant changes to the behavior of Japanese crypto investors. There were some changes to normal. The number of 100K yen deposits from investors in their 40s was up more than 36%, surpassing that from investors in their 20s for the first time in two months. The number of 100K yen deposits from investors in their 50s increased by more than 35%. Read More...



1xBit Salah.gif
1xBit Casino.gif
Antminer Banner.png