Cryptocurrency is legal tender in Japan. There is active regulation in the country which makes Bitcoin and altcoins perfectly legal. That situation has been rather interesting to keep an eye on, as the law is still subject to interpretation. As of right now, the Japanese FSA aims to have cryptocurrency exchanges drop all cryptos which can be considered facilitators of criminal activity. What is Happening in Japan? There has been growing scrutiny of cryptocurrencies which focus on privacy and anonymity, as well as those which could enable criminal activity. Although it is a bit unclear which currencies should be looked into in this regard, it seems
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