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Japan is Bitcoin Friendly

Total supply: 200

2017 was a watershed year for virtual currencies. Early in the year China and Korea had cracked down on cryptocurrency exchanges and shut them down. All cryptocurrency related funding activities, were prohibited. It was precisely these events, combined with a very important law amendment, that led to the explosive growth of crypto trading in Japan. On April 1st of this year, the Payment Services Act (which is a part of the Banking Act) was amended to allow “virtual currencies” as a legal form of payment.

Date

January 16, 2022

Category

(V) Uncommon
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