Japanese Government Says Bitcoin 'Not a Currency', Forms Investigation Committee
Japan's ruling party, the Liberal Democratic Party (LDP) has launched an investigative committee into bitcoin, and issued a statement saying it is "not a currency, but taxable". In what has become a familiar refrain from authorities around the world in recent months, the government has also blocked related banks from "brokering bitcoin transactions or opening accounts holding the virtual unit". Exactly what constitutes a 'bitcoin account' remains unknown, but it presumably refers to one with a known bitcoin service like Blockchain.info or Coinbase. This is likely a reaction to the....
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