Japan: Bitcoin Not a Currency... But We're Not Sure

Japan: Bitcoin Not a Currency... But We're Not Sure

The Japanese Cabinet, this morning, declared that it does not consider Bitcoin to be a currency, reports Reuters. Japanese government says it may tax Bitcoin deals and impose regulations on its handling by the financial sector - details of which have not yet been specified. Not Our Job. There seems to be some reticence between Japanese authorities to address the matter of cryptocurrency. In today's statement the cabinet said: “Any bitcoin transactions are taxable when they fulfill requisitions stated by laws on income tax, corporate tax and consumption tax.” The Financial Services....


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