Japanese banks are set for embracing Bitcoin after proposed new laws.Due to the official adoption of Bitcoin in Japan as a means of payment, the thousands merchants will accept the virtual currency this year.With continuing uncertainty about the near-term fate of the Bitcoin blockchain, the Nikkei Asian Review is reporting that restaurants and retailers could temporarily.
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Due to adoption of Bitcoin in Japan as a means of payment, thousands merchants will accept the virtual currency this year.Legality of bitcoin by country or territory The legal status of bitcoin varies.
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The Japan Cryptocurrency Business Association will temporarily suspend Bitcoin transactions, making it extremely difficult for exchange operators to work.According to Wikipedia, Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009.Japan has joined the short list of Bitcoin-friendly countries recently, after a new law regarding the use and treatment of the.