With the passage of the Virtual Currencies Act,from 1April Japan regnised Bitin as a legal method of payment.The untry has also passed legislation that exempts the purchase of Bitin from that untry’s nsumption tax:you can buy bitin in the same way as you can buy (or exchange)money,without incurring sales tax. 

Japan has imposed a number of rules on Bitin exchanges,obliging them to hold at least JPY10million in capital as a buffer against losses,and to demonstrate that they have sufficiently robust security and identification mechanisms.It’s enuraging to see these restrictions following the 2014bankruptcy of Japanese based Bitin exchange Mt Gox.Japan has made it clear that Bitin held or traded for investment purposes are subject to capital gains tax.

Japan is poised to beme one of the leading cryptocurrency markets.Nearly 4,500Japanese stores are currently aepting Bitin and this is set to aelerate thanks to the changes in the law.Read more here.

中文新闻：日本接受和规范加密货币