Is it legal to buy and sell cryptocurrencies in Japan?

3 answers

• Mar 19, 2022 · 3 years ago
  Yes, it is legal to buy and sell cryptocurrencies in Japan. The country has implemented regulations to ensure the security and transparency of cryptocurrency transactions. Individuals and businesses are required to register with the Financial Services Agency (FSA) and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. It is important to choose a reputable cryptocurrency exchange that is licensed by the FSA to ensure compliance and protect your assets.
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• Mar 19, 2022 · 3 years ago
  Absolutely! Japan has been at the forefront of cryptocurrency regulation, recognizing it as a legal form of payment since 2017. The government has established a licensing system for cryptocurrency exchanges and implemented strict regulations to prevent fraud and protect investors. However, it's essential to stay updated on any changes in the regulatory landscape, as Japan continues to refine its approach to cryptocurrency oversight.
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• Mar 19, 2022 · 3 years ago
  As a representative of BYDFi, I can confirm that buying and selling cryptocurrencies in Japan is legal. The Japanese government has taken a proactive approach to regulate the cryptocurrency market, ensuring consumer protection and fostering innovation. However, it is crucial to conduct thorough research and choose a reputable exchange that complies with all the necessary regulations. Always prioritize security and transparency when engaging in cryptocurrency transactions.
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