Sentences with phrase «legal payment method»

The continuous rally in the crypto markets is believed to be mostly connected to the recent Japanese law, in which cryptocurrencies are considered as legal payment methods exempt of consumer tax.

A little over a month after Japan declared the digital currency bitcoin (BTC) to be an officially recognized legal payment method, the Japanese bitcoin exchange Coincheck has announced the first interest - paying bitcoin deposit accounts for the Japanese market.

As reported by CoinDesk, Japan passed a law in April of last year that recognizes bitcoin as legal payment method and requires cryptocurrency exchanges to be licensed.

A little over a month after Japan declared the digital currency bitcoin (BTC) to be an officially recognized legal payment method, the Japanese bitcoin exchange Coincheck has announced the first interest - paying bitcoin deposit accounts...

In addition to the China factor, Japanese interest has risen ever since the government approved bitcoin as a legal payment method in April.

Because more and more governments are adopting cryptocurrency as a legal payment method, the price of Bitcoin is steadily increasing.

Peach's announcement comes hot on the heels of a landmark regulatory decision: Japan's official recognition of bitcoin as a legal payment method, thanks to an act of parliament that took effect on April 1.

Passed in April, the new law established bitcoin as a legal payment method and extrapolated security guidelines for cryptocurrency exchanges.

As of April 1, Japan has accepted bitcoin as a legal payment method.

The country passed a law in April recognizing bitcoin as a legal payment method, with its Financial Services Agency issuing operating licenses to its bitcoin exchanges earlier this year.

The new German document which regarded cryptocurrencies as a legal payment method while justifying its tax decision revealed that:

On the other hand, 2017 has also been the year where Japan, Russia or Norway have accepted Bitcoin as a legal payment method.

In October, Vietnam banned cryptocurrency payments, with the State Bank of Vietnam declaring that Bitcoin was not a legal payment method from the start of next year.

Bitcoin spikes after Japan says it's a legal payment method.

Regulation makes a large impact on cryptocurrency markets as the U.S. SEC rejects 2 ETFs, PBoC warnings lead to global volume crash and Chinese «Big 3» instituting trading fees, Japan sees bitcoin as legal payment method.

The cryptocurrency's gains come after Japan announced on Friday that bitcoin would be accepted as a legal payment method beginning on April 1, 2017.

While regulatory approval for bitcoin as a legal payment method in Kenya may still be a long way off, the debate shows people are beginning to see bitcoin and cryptocurrencies as an agent of change and innovation when it comes to financial services.

And in October, Vietnam banned cryptocurrency payments, with the State Bank of Vietnam declaring that Bitcoin was not a legal payment method from the start of this year.

The government of Japan amended its fund settlement law in April 2017 to allow recognition of Bitcoin as a legal payment method.

A good thing to know: Since Japan has legalized Bitcoin as a legal payment method, a lot of Japanese IT giants are experimenting with cryptocurrencies, Blockchain, and even mining.

Japan recognized Bitcoin as a legal payment method in 2017 as well as certifying several cryptocurrency exchanges to operate within its borders.

Across the world, however, Japanese regulators moved to treat bitcoin as a legal payment method, sparking a renewal in interest in the Asian nation.

The world's third - largest economy has already recognized cryptocurrency as a legal payment method, leading to speculation that hundreds of thousands of domestic merchants will start accepting payments within the first year.

While this decision was not favored by the Ministry of Finance, it did submit a bill last week which lists cryptocurrencies as «financial assets» instead of a legal payment method.

The Bank of Tokyo - Mitsubishi, the biggest Japan's financial body and the third largest in the world, has joined the Ripple blockchain net, as Japan accepts cryptocurrencies as a legal payment method.

Earlier this year, the Japanese government officially recognized Bitcoin as a legal payment method.

Earlier this year, Japan spearheaded legislation recognizing bitcoin as a legal payment method.