Japan is gearing up to impose regulations on the bitcoin cryptocurrency, according to a report from local business paper Nikkei Asian Review.
With the new rules, Japanese citizens would be taxed for bitcoin purchases and the protocol would be treated as a commodity, similar to gold, rather than an actual currency.
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Governments have been unsure of how to handle bitcoin as it grows in popularity. Japan emerges as one of the first to take direct steps to control the currency.
➤ Japan to regulate Bitcoin trades, impose taxes [Nikkei Asian Review]
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