34 technology companies set up Japan's block chain group _ Bitcoin development

34 companies from around the world have launched Japan's first block chain trade association to promote investment in block chain-related start-ups and to engage in broader corporate partnerships.


The Cooperative alliance of Block chain Partners includes Microsoft Japan, Consensys, and many Japanese technology companies and start-ups.


Compared with the main focus of the R3CEV group is the bank, the Block chain alliance is more members of technology companies, start-ups and financial institutions.


Supporters of the consortium say they want to encourage corporate collaboration and information sharing, while at the same time working to raise public awareness.


In a statement, the group said:


"We will work with other block chains around the world and bring what we've learned back home." As a leader in block chain technology, we will spread our expertise and experience around the world. ”


The consortium was founded because the Japanese government wanted to consolidate its regulatory position on the digital currency.


Japan is taking action
In February, Japanese regulators reported that digital currencies such as Bitcoin would be processed in conventional currency terms. One months later, a Japanese lawmaker called for duty-free purchases of Bitcoin.


According to unconfirmed reports, senior Japanese government officials have approved legislation, which will help to combine the digital currency with the traditional banking system.