Written in Ink
Written in Ink
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Your Bitcoins may be regulated in the future if you live in Japan

The Japanese government does not recognize the bitcoin as a form of currency, and it will tax the profits of transactions when they meet certain legal conditions. Banks also cannot accept bitcoins when opening an account or use them to handle transactions. The government is also exploring the standing of bitcoin under the current laws and people are now calling for the regulation of the virtual currency after the failure Mt. Gox.

Watch the Video at NHK World.


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