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Tag: legality of bitcoin

Russia Follows Japan, May Legalize Bitcoin in 2018

Category: Altcoins, Bitcoin, News, Regulation

Russia Follows Japan, May Legalize Bitcoin in 2018

Russia looks to move to legalize cryptocurrencies by 2018 according to a report by Bloomberg. The article frames the acceptance of bitcoin as a way to clamp down on money laundering but could be a way for Russia to escape from a punitive financial system over the long run. This move comes amidst close ally Iran dumping the US Dollar…

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Japan Officially Recognizes Bitcoin as Legal Payment Method

Category: Altcoins, Bitcoin, News, Regulation

Japan Officially Recognizes Bitcoin as Legal Payment Method

The bitcoin legalization bill is taken into full effect as of April 1, with Japan officially recognizing bitcoin as a legal payment method. On December 17, local publications including the Japan Times revealed that the country’s Financial System Council proposed a bill which called for the recognition of bitcoin as a legal payment method and requires bitcoin exchanges to register…

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