Japan Bitcoin Regulation

05/03/2014  · Japan does not want to go it alone in trying to get a regulatory grip on bitcoin. Any regulation of the cryptocurrency should involve international cooperation to avoid loopholes, vice.

Japan Legalizes Bitcoin. In April 2017, acting on the advice of the FATF, Japan revised its Payment Services Act. The revision included the legalization of virtual currency as a form of payment, as well as, new licensing requirements for exchanges operating within the country. Technically, Japan does not consider Bitcoin as legal tender because it’s not issued from any central government.

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The Ministry of Finance has decided to set up a research group which would be in charge of studying and proposing policies to.

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Japan Bitcoin & Crypto RegulationsBitcoin regulations in Japan came into effect on the 1 st of May, marking an important milestone for the 8-year old bitcoin. Soon thereafter, other countries started to consider the same including South Korea, Russia and Australia. By July, South Korea had already legalized the transfer of bitcoins internationally, although they still didn’t have any regulatory framework. Now the country.

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