Japan Give Thumbs Down To Bitcoin

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Posted 3 years ago

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Japan Give Thumbs Down To BitcoinJapan has weighed in on the Bitcoin debate and they have decided that Bitcoin is not a currency.

Regulators in Japan have said that Bitcoin cannot be used as currency.

Japanese authorities decided to take a look at Bitcoin after the Mt. Gox fiasco.

The new decision stops commercial banks from using Bitcoin, and any other use of Bitcoin will be subject to a sales tax.

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