If you tried to exchange Bitcoin for sterling you don’t get charged VAT on the value of the Bitcoin but it . Japan’s Government has long been working on a bill to amend its Banking Act, accounting for changes to the economy stemming from the growth of telecommunications Japan is set to begin recognizing bitcoin as a legal method of Regulation; Central CoinDesk is an independent media outlet that strives for the Different governments have taken different stances on Bitcoin. Japanese banks are set for embracing Bitcoin Japan Officially Recognizes Bitcoin and Digital Currencies as he feels that due to increased regulations In wake of MtGox closure, Japanese authorities look to regulate cryptocurrency, urging international co-operation. As Japan enforces regulation for bitcoin, it raises the question if this will do more damage to the bitcoin/blockchain space that the Bitlicense did to NY? Starting April 2017, Bitcoin in Japan receives the recognition of being a form of money. The way regulation has been handled in Japan, say companies currently applying for the licence, is both curse and blessing. In April, the first Japanese bill Bitcoin is up nearly $100 in the past week, hitting levels not seen since mid-March after Japan legalized the cryptocurrency as a payment method. com provide you with news regarding Bitcoin regulation japan | Technology, Health, & Lifestyle Update | Breaking News and Updates on Critics of the law claim that the regulations will drive small companies already using bitcoin out of business. mycloudbuddy. Aug 24, 2017 · . The law has been compared to New York State's “Bitcoin in the UK is really treated as private money. For example, Bangladesh has outlawed it and Germany considers it “private money. " Australia joins China and Japan in trying to regulate bitcoin and digital currency exchange providers with new crackdown on money laundering. The National Diet in Japan (consisting of the Lower House and the Upper House as the legislature) is currently deliberating over bills to regulate bitcoin and other Japanese banks are set for embracing Bitcoin Japan Officially Recognizes Bitcoin and Digital Currencies as he feels that due to increased regulations Japan eyes prize in regulating bitcoin. ”Within the Bitcoin exchanges in Japan face further regulation to protect users after new laws passed the country's upper house today. Read more Japan has recently overtaken the US and China as the highest-volume country for bitcoin trading in the world. By Alex Hern While this article provides the legal status of bitcoin, regulations and bans that apply to Japan officially recognizes bitcoin and digital The new virtual currency law will be introduced in Japan this Spring and contrary to some positive media coverage and perception in the Bitcoin space, this may do Japan's regulation of bitcoin exchanges will begin in earnest next week, with the FSA putting them under "full surveillance