Japan provide outright ban on all cryptocurrencies – Bitcoints

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Published on May 29th, 2018 | by bitcoin

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Japan provide outright ban on all cryptocurrencies

Japan provide  outright ban on all cryptocurrenciesAnd this is no more apparent than when discussing the current state of privacy coins.
For the most part, Japanese exchanges are listening, pulling four major privacy coins — monero (XMR), dash, Augur’s reputation (REP), and zcash (ZEC) — from their platforms.
In their assessment of privacy coins, the FSA explicitly stated that a primary justification for its preemptive ban was to eliminate bad actors from being able to conduct criminal activity under the guise of anonymity.
If the hack on CoinCheck was a primary justification for the FSA’s decision, then privacy coins were an unfortunate scapegoat.
The FSA decision is one of the first instances where a government entity has questioned the status of privacy coins and their ability to positively impact our commercial ecosystem.

Source: Www.coindesk.com

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