Japan ๐ฏ๐ต: Recognizes cryptocurrency as legal property and money, but has toughened rules on sharing customer information to tackle money laundering.$BTC $BNB $SOL
Japan has recognized cryptocurrency as legal property and money. This move provides a clear regulatory framework for cryptocurrencies in the country.
However, Japan has also tightened rules to prevent money laundering. This means that cryptocurrency exchanges and other businesses dealing with digital assets must share customer information and maintain records to comply with anti-money laundering regulations.