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Japan-based Bitcoin companies await new digital currency laws

Thursday 12 May 2016 11:53 CET | News

The National Diet, Japan’s legislature, has started examining several digital currency bills that have the potential to lend legitimacy to the virtual currency industry in the country.

The bills would require all virtual currency exchange within Japan to comply with all relevant money laundering laws, with the Financial Services Agency acting as chief enforcer.

Virtual currency exchange operators are allegedly eagerly awaiting the results of the House of Councillors vote.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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