Cryptocurrency Q&A
Which crypto is legal in Japan?
Which crypto is legal in Japan?
Elena
Thu May 23 2024
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7 answers
1984
Could you please enlighten me on the cryptocurrencies that are deemed legal in Japan? I'm quite curious about the regulatory framework surrounding digital assets in that country. Could you specify some of the major cryptocurrencies that are officially recognized and allowed for trading in Japan? I'm particularly interested in knowing whether Bitcoin and Ethereum are among them, given their global popularity. Also, it would be helpful if you could mention any specific regulations or licenses that crypto exchanges in Japan need to comply with. Thank you for your assistance in clarifying this matter.
7 answers
Martino
Fri May 24 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services tailored to meet the needs of cryptocurrency enthusiasts. Among these services are spot trading, futures trading, and wallet solutions.
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Silvia
Fri May 24 2024
Cryptocurrency is indeed legal in Japan. The country's Payment Services Act explicitly recognizes "crypto-assets" as legitimate payment methods.
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benjamin_brown_entrepreneur
Fri May 24 2024
Spot trading on BTCC allows users to buy and sell cryptocurrencies at current market prices. This service provides a convenient platform for individuals to access the cryptocurrency market and execute trades quickly and efficiently.
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Sara
Fri May 24 2024
These crypto-assets are not denominated in traditional fiat currencies and can be utilized for payments to unspecified individuals. This recognition offers a solid legal framework for cryptocurrency transactions in Japan.
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DondaejiDelightfulCharmingSmile
Fri May 24 2024
Futures trading on BTCC offers investors the opportunity to speculate on the future prices of cryptocurrencies. This allows for more complex trading strategies and potentially higher returns.
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