Topic: [2016-05-25] Japan Enacts Regulation for Digital Currency Exchanges (Read 256 times)
May 25, 2016, 09:18:54 AM
The upper house of Japan's national legislature approved a bill on Wednesday to regulate domestic digital currency exchanges, a move that comes nearly two years after discussions about how to regulate the technology first began.
According to a report by The Japan Times, the decision will now require digital currency exchange operators to register with the Financial Services Agency (FSA), the government agency that oversees finance activities in the country. The action also comes with a grace period for businesses affected, as it will not come into force until one year from its approval.
http://www.coindesk.com/japan-enacts-regulation-digital-currency-exchanges/
According to a report by The Japan Times, the decision will now require digital currency exchange operators to register with the Financial Services Agency (FSA), the government agency that oversees finance activities in the country. The action also comes with a grace period for businesses affected, as it will not come into force until one year from its approval.
http://www.coindesk.com/japan-enacts-regulation-digital-currency-exchanges/
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