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Japan Debates Regulating Bitcoin as Currency; Banks Eager to Study Blockchain ?>

Japan Debates Regulating Bitcoin as Currency; Banks Eager to Study Blockchain

japan-debates-regulating-bitcoin-as-currency-banks-eager-to-study-blockchainJapan recently made headlines by announcing that its government was considering defining Bitcoin and other digital currencies as currency rather than commodity.

This was confirmed by Tomonori Kanda, representing the financial affairs section of the Liberation Democratic Party (LDP). He told The Guardian that the plan was to bring the matter up in Parliament.

Even after the Mt. Gox fiasco, Japan recognized Bitcoin’s potential two years ago, and asked members within the Bitcoin and blockchain industry to form a self-regulatory authority called the Japan Authority of Digital Assets (JADA)….

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