Japan’s FSA Intended Not to Describe BTC as Virtual Currency

Japan’s FSA Intended Not to Describe BTC as Virtual Currency

The Japanese finance regulator the Financial Services Agency (FSA) has informed that they no longer intended to describe Bitcoin (BTC) as a virtual currency. The Professor Iwashita Goto of the Public Policy Graduate School of Kyoto University has argued that it has become something beyond a means of transacting referring to Bitcoin & said, “I don’t think it would be worthwhile to call Bitcoin virtual currency.”

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