Japanese Regulators Propose FSA to Treat Bitcoin as Conventional Currency

Japanese Regulators Propose FSA to Treat Bitcoin as Conventional Currency

The newly revised legislation submitted by the FSA defines any digital currency as a conventional currency if it operates as a legal medium of exchange that can be used to purchase goods and services. Japanese financial regulators have proposed the Financial Services Agency (FSA) to handle digital currencies such as bitcoin as a conventional currency. The newly revised legislation submitted by the FSA defines any digital currency as a conventional currency if it operates as a legal medium of exchange that can be used to purchase goods and services. The legislation states that digital....


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