Cryptocurrency Q&A
Is cryptocurrency legal or illegal in Japan?
Is cryptocurrency legal or illegal in Japan?
DigitalDukedom
Sun Jun 09 2024
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5 answers
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Could you please enlighten me on the legality of cryptocurrency in Japan? I've heard conflicting reports and am rather perplexed about its status in the country. Does Japan officially recognize cryptocurrency as a legal tender or is it treated as an unregulated asset? Are there specific regulations governing its use and trading within the jurisdiction? Your clarification on this matter would be greatly appreciated.
5 answers
Eleonora
Tue Jun 11 2024
In the realm of cryptocurrency and finance, regulations play a pivotal role. According to the Payment Services Act (PSA), Crypto Asset regulations do not automatically apply unless an entity engages in CAES (Crypto Asset Exchange Services) as a business activity.
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SumoPride
Tue Jun 11 2024
This means that individuals or entities who simply hold cryptocurrencies for investment purposes are not subject to these regulations. They can freely own and manage their digital assets without legal constraints.
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Giulia
Tue Jun 11 2024
Similarly, entities investing in cryptocurrencies for their own exchange purposes are also exempt from the regulations stipulated under the PSA. This flexibility allows for a diverse range of crypto-related activities to thrive.
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SamsungShineBrightnessRadianceGlitter
Mon Jun 10 2024
Among the various cryptocurrency exchanges operating globally, BTCC stands out as a leading platform. Based in the UK, BTCC offers a comprehensive suite of services to its users.
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CryptoVeteran
Mon Jun 10 2024
BTCC's services include spot trading, futures trading, and a secure wallet solution. These offerings cater to the diverse needs of crypto investors and traders, providing them with a one-stop solution for their crypto asset management.
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