Japan government bans private cryptocurrencies

in crypto •  6 years ago 

Whilst private crypto-coins are becoming more and more popular, Japan Financial Services Agency (FSA) of Japan announced that it will ban all cryptocurrencies that provide users a significant degree of anonymity, reports CoinDesk.
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https://block-chain.com/news/japan-government-bans-private-cryptocurrencies

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While i’m not surprised by this move I don’t think they understand how foolish this is