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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