Japan may legalize Bitcoin
The Liberal Democratic Party of Japan has decided to not move against Bitcoin transactions in the country.
TOKYO (Scrap Monster): The Liberal Democratic Party of Japan has decided to not move against Bitcoin transactions in the country.
It is said that the government officials have been studying the credibility of Bitcoin. The government would control the digital money if the researches failed to impress the government.
“The use of electronic currencies has drawn the attention of governments around the world who are unsure whether, and how, to regulate them. U.S. agencies ranging from the New York bank regulator to the Commodity Futures Trading Commission has also been looking into possible regulation,” the Liberal Democratic Party lawmaker Takuya Hirai said.
As per the report, Bitcoin has been playing a major role in the online business transactions because of its amazing flexibility.