Since the revised payment services law went into effect in April of last year, Japan has recognized cryptocurrencies as a legal method of payment. (cryptotimes.news)
Revised in April 2017, the new payment services law prohibits unregistered cryptocurrency exchanges from operating in the country. (cryptotimes.news)
According to revised payment services laws that went into force in April 2017, when Japan made bitcoin a nationally accepted cryptocurrency, any virtual currency exchange that wants to do business in the country or solicit its citizens needs to be licensed with Japan's Financial Services Agency (FSA). (bitcoinmagazine.com)