New Regulations in Japan Recognize Bitcoin as a Legal Form of Payment

bitcoin cc cc

Bitcoin and its blockchain brethren are an important economic innovation, one which will impact everyday people who right now have no familiarity with the currency. Especially if the current War On Cash escalates.

(From Cointelegraph)

Last month, on February 26th, CoinTelegraph wrote an article about the legislative revisions that were to be presented by the Financial Services Agency of Japan, which sought to see Bitcoin and other virtual currencies recognised as a legitimate currencies. It was deemed that Bitcoin and other virtual currencies did indeed fulfil the nation’s definition of the functions of a currency, and therefore, should be recognised as such.

Click here for the article.