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How Japan Prepares to Recognize Bitcoin as Method of Payment on April 1

March 31, 2017

Bitcoin.com ------- In February, Bitcoin.com reported that the first Japanese bill containing digital currencies, recognizing Bitcoin as a method of payment, was expected to enter into force sometime in April. Last week, the Japanese Financial Services Agency (FSA) officially announced that the exact date for this bill to become law is April 1. The bill recognizes Bitcoin as a method of payment but not currency. It has “asset-like values”, explains the largest bitcoin exchange by volume, Bitflyer. They are “usable as payment to indefinite parties for the cost of purchase or rent of items or receipt of services and which can be transferred by means of electronic data processing systems”, . To learn more click on the picture below to read the article.

 

 

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