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Home » Legal » Regulation » Japan Passes Law to Regulate Digital Currency Exchanges

Japan Passes Law to Regulate Digital Currency Exchanges


The Diet of Nippon enacted a neb Midweek to regulate virtual currency exchanges inward an endeavor to protect users of these platforms.

Nippon was the habitation of Mt Gox, a right away defunct central that lost millions worth of bitcoins dorsum inward 2014.

Under the revised law, virtual currency, defined every bit "asset-like values", central operators must register with the Financial Services Agency together with permit them to perform onsite audits alongside other restrictive measures.

The revised constabulary volition become into final result inside a yr of its promulgation.




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