Japanese Bitcoin Exchanges Implement Stricter KYC Requirements
As part of Japan’s amended ‘Payment Services Act’ which will enter into force on April 1, the ‘Act on Prevention of Transfer of Criminal Proceeds’ has also been revised. This act requires Japanese bitcoin exchanges to implement a stricter Know Your Customer (KYC) process.
https://news.bitcoin.com/japanese-exchanges-kyc-requirements/
As part of Japan’s amended ‘Payment Services Act’ which will enter into force on April 1, the ‘Act on Prevention of Transfer of Criminal Proceeds’ has also been revised. This act requires Japanese bitcoin exchanges to implement a stricter Know Your Customer (KYC) process.
https://news.bitcoin.com/japanese-exchanges-kyc-requirements/
This was a bit interesting after the fiasco that was MTGOX the government took another look at Bitcoin and came to this conclusion after a couple of years.
It should bring up the BTM demand for those not interested in signing up on the exchanges.
