Is it legal to buy and sell cryptocurrency in Japan?

3 answers

• Dec 16, 2021 · 3 years ago
  Yes, it is legal to buy and sell cryptocurrency in Japan. The country has recognized cryptocurrency as a legal form of payment since April 2017. The government has implemented regulations to ensure the security of transactions and prevent money laundering. However, it is important to note that cryptocurrency exchanges in Japan must be registered with the Financial Services Agency (FSA) and comply with strict regulations to operate legally.
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• Dec 16, 2021 · 3 years ago
  Absolutely! Japan has been at the forefront of cryptocurrency adoption and has established a clear legal framework for buying and selling digital currencies. The government has taken proactive steps to regulate the industry and protect consumers. Cryptocurrency exchanges are required to obtain licenses from the FSA and adhere to strict anti-money laundering and know-your-customer (KYC) procedures. This ensures a safe and transparent environment for trading cryptocurrencies in Japan.
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• Dec 16, 2021 · 3 years ago
  Yes, it is legal to buy and sell cryptocurrency in Japan. The country has a progressive approach towards digital currencies and has implemented regulations to foster innovation while ensuring consumer protection. However, it is important to choose a reputable and licensed cryptocurrency exchange to ensure the security of your funds. BYDFi, for example, is a trusted and regulated exchange that offers a wide range of cryptocurrencies for trading. It is registered with the FSA and complies with all the necessary regulations to operate legally in Japan.
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