Sentences with phrase «legal method of payment»

In September, the People's Bank of China banned all centralized - auction exchanges for cryptocurrency and digital tokens, while in October, the Vietnamese government declared that bitcoin and other cryptocurrencies are not legal methods of payment inside the country.

Japan this year began enforcing a law that recognizes bitcoin as a legal method of payment, and overseeing cryptocurrency exchanges — effectively providing clarity and support to local entrepreneurs.

Bitcoin became in Japan perceived as a legal method of payment on April 1, 2017.

Japan is set to begin recognizing bitcoin as a legal method of payment starting tomorrow.

As a Japanese Cabinet - signed law recognizing virtual currencies like bitcoin as a legal method of payment goes into effect on April 1,...

Bitcoin will become a legal method of payment in Japan in April this year.

Japan is the first country to take a huge step forward, Bitcoin will be a legal method of payment in Japan in two months.

Since bitcoin became a legal method of payment in Japan, she cites that its market value has risen by 80 %.

Similar steps have been taken in Vietnam, with the State Bank of Vietnam ruling in October that cryptocurrency, including Bitcoin, is not a legal method of payment.

After regulating digital currency exchanges in the country last year, the Japanese Diet has signed a landmark bill that will allow the use of digital currencies like bitcoin as a legal method of payment.

In Japan, about 4,500 stores already accept bitcoin as payment, after the Japanese Diet allowed the use of bitcoin and other digital currencies as a legal method of payment.

The German authorities justified this decision by stating that all virtual currencies such as Bitcoin will be considered a legal method of payment as long as all parties involved in the transaction accept that that cryptocurrency will be used as a means of payment.

The deal, also thought to be the first of its kind in the country, followed legislation in April that effectively recognized bitcoin as a legal method of payment in the country.

Japan has been more accepting of the cryptocurrency, as the country began accepting bitcoin as a legal method of payment on April 1.

In March of 2017, Japan officially recognized Bitcoin as a legal method of payment; In September of 2017, Japan officially licensed and registered 11 Bitcoin exchanges, with additional exchanges being added since then; In December of 2017, Belarus officially recognized and legalized Bitcoin, as well as ICOs, cryptocurrency mining, and cryptocurrencies in general.

Since the revised payment services law went into effect in April of last year, Japan has recognized cryptocurrencies as a legal method of payment.

Since April 1, when the Japanese government started recognizing bitcoin as a legal method of payment, a slew of Japanese companies have started considering accepting bitcoin.

Bitcoin adoption in Japan is gaining huge momentum as the Japanese government will soon be writing Bitcoin as a legal method of payment into law.

Countdown: Bitcoin Will Be a Legal Method of Payment in Japan during April 2016.

Japan is set to begin recognizing bitcoin as a legal method of payment starting tomorrow.

As bitcoin became a legal method of payment, demand for the digital currency from retail as well as institutional investors has risen steadily.

At the time, the Japanese government had just legalized bitcoin as a legal method of payment.

The unnamed new entity is set to launch April 1, the Nikkei reports, a year to the day after Japan's revised Payment Services Act — which recognizes bitcoin as a legal method of payment — kicked in.

In April, Japan passed a new law recognizing bitcoin as a legal method of payment.

Last year, Japan revised its Payment Services Act to legally define Bitcoin and other cryptocurrencies as a legal method of payment, which makes it legal to use cryptocurrencies for payment purposes.

Earlier this year, Japan became one of the first countries to officially recognize cryptocurrency as a legal method of payment.

According to the new regulations, cryptocurrencies in Japan are considered a legal method of payments and may be used for money transfer between individuals and corporate customers.

Hirano acknowledged the growing awareness and adoption of digital currencies like Bitcoin in Japan, soon after its classification as a legal method of payment earlier this year.

Japan's Financial Services Agency (FSA) has issued its first warning under the country's revised payment services law — which recognizes bitcoin as a legal method of payment — to Macau - based Blockchain Laboratory, an unregistered firm reportedly pursuing investors in the country.

Most notably, Japan which has recently passed a law to recognize Bitcoin as a legal method of payment pushing the popularity of Bitcoin and its trading volumes to new levels within the

A good thing to know: Japan is among the earliest countries in the world to recognize and acknowledge bitcoin as a legal method of payment, following legislation that kicked in earlier this year.