The countries with the most Bitcoin users are revealed, with China only ranking third

On December 2, 2016, Bitcoin surged, reaching $800 and breaking through 5,400 yuan. According to ResuPress, among the many Bitcoin users in the world, three countries are major Bitcoin users.

The First Bitcoin Powerhouse - Japan

According to ResuPress statistics, as of September this year, there are 2,500 Japanese stores that accept Bitcoin payments, which is four times the number of last year. There are many products that can be purchased, from Okamoto condoms to LeTV Big Wave potato chips. ResuPress also plans to allow customers to pay electronic bills with Bitcoin as early as this year. Moreover, since November this year, Japanese people can use Bitcoin to pay electricity bills, and they can also enjoy discounts!

In terms of trading volume, the trading volume of Bitcoin in Japan in the first half of 2016 reached 430 billion yen (1 US dollar is approximately 103.7800 yen), a 50-fold increase over the previous year! The government's tax classification of Bitcoin also defines it as a commodity rather than a currency. Therefore, Japanese people need to pay 8% consumption tax when buying Bitcoin on digital currency exchanges, just like buying other goods.

However, according to a recent report by the Nikkei, the Japanese Ministry of Finance and the Financial Services Agency will hold a formal tax joint advisory group hearing at the end of the year, and it is predicted that the meeting will reach a decision to stop collecting consumption tax on Bitcoin purchases. This is definitely great news for Japanese Bitcoin enthusiasts.

The Second Bitcoin Powerhouse - South Korea

The number of Bitcoin ATMs in South Korea has exceeded 24,000. Bitcoin has not yet been fully regulated in South Korea, and the open environment has made the country's digital currency industry more active than other countries.

In South Korea, there are many Bitcoin exchanges such as Coinplug, Korbit, Xcoin, Coinone and Coinpia, and the transaction fee is close to or equal to zero. Compared with last year, the average monthly increase in Bitcoin trading volume is 6%. In addition, Coinplug has deployed two-way Bitcoin ATMs in at least 24,000 7-11 convenience stores to sell Bitcoin to users in order to make it more convenient for users to buy Bitcoin.

What is curious is that in the face of the "great opportunity" that Satoshi Nakamoto has not shown up, the South Korean authorities have not announced to the public: Satoshi Nakamoto is actually Korean. However, as Bitcoin becomes more and more popular in South Korea, in order to ensure the healthy development of the digital currency ecosystem, the activities of regulators and officials are also increasing.

The Third Bitcoin Powerhouse - China

With the establishment of China's first Bitcoin exchange BTCC in 2011, the curtain was opened on the booming development of Bitcoin in China.

Currently, the trading volume of Bitcoin in China exceeds 60% of the global Bitcoin trading volume. Based on my country's vast land and abundant resources, the Bitcoin mining industry has also found a suitable growth space in my country. Almost all large mining pools with a total Bitcoin computing power of more than 1% are in China. Therefore, most Bitcoins are produced by Chinese miners, which means that China is a major "exporter" of Bitcoin.

On January 20, 2016, the central bank held a digital currency seminar to affirm the value of digital currency in reducing the issuance of traditional currency, and stepped up efforts to promote the issuance of digital currency. It is worth mentioning that financial technology related conferences and activities are frequently held in major cities such as Shanghai, Beijing, Shenzhen, and Chengdu, which greatly promoted exchanges between industries and also promoted the continuous development of the digital currency industry.

As a safe-haven asset, Bitcoin has gradually gained popularity, laying a solid foundation for the future development of Bitcoin applications. China is absolutely crucial to the development of the Bitcoin industry, so its status as a "superpower" is well deserved.