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Japan has taken a key step to cement its position as a leader for cryptocurrencies

China is moving forward with a plan to crack down on Cryptocurrencies, but Japan is singing a different tune.

China banned initial coin offerings, a red-hot cryptocurrency-based fundraising method, earlier in September, and since then there have been numerous reports of a wide-ranging crackdown on exchanges.

In April, Japan deemed Bitcoin, the largest cryptocurrency by market cap, as a legal form of payment .

The move by Japan could help cement the country's position as a leading market for cryptocurrencies.

And since China banned ICOs on September 4, Japan has emerged as the largest market for bitcoin trading.

READ MORE (Business Insider)

  • Breakingviews - Crypto-currencies' strength becomes their weaknessReuters
  • Breakingviews - Crypto-currencies can't salvage hedge-fund junkiesReuters
  • Japan's FSA gives official endorsement to 11 cryptocurrency exchangesReuters
  • As China cracks down, Japan is fast becoming the powerhouse of the bitcoin marketCNBC
  • Japan Issues Licenses for 11 Bitcoin ExchangesCoinDesk
  • Japan FSA Grants Virtual Currency Exchange License To 11 CompaniesCoinJournal (blog)
  • Financial Services Agency in Japan Officially Recognizes 11 Cryptocurrency ...Crowdfund Insider
  • Cryptocurrency Exchanges Get Nod to Operate in First for JapanBloomberg
  • Japan's top bitcoin company bitFlyer and others receive their exchange licenseCryptoNinjas

This post first appeared on The 5th News, please read the originial post: here

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Japan has taken a key step to cement its position as a leader for cryptocurrencies


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