Japan Considers Treating Bitcoin As Conventional Currency (thestack.com)

An anonymous reader writes: Regulators in Japan are considering officially recognizing bitcoins and other digital currencies as valid methods of payment. The Japan Financial Services Agency (FSA) is in the process of deciding whether to make legislative revisions to regulation that currently regards virtual currencies as objects rather than traditional forms of payment. Under the new proposal, consumers will be able to purchase goods and services using bitcoin and other digital currencies, and also use them as an alternative to legal tender through purchases or trades. The new definition will be submitted during the current session of the Diet, Japan's legislature, which concludes on 1st June this year.

Comments

Good idea.

[kheldan]

Bitcoin should not be anonymous. All bitcoin exchanges should be like banks, or part of existing banks, and tracked like every other financial transaction, subject to examination by lan enforcement when a proper warrant is issued. Here in the U.S. they're talking about getting rid of $100 bills and perhaps cash completely, how about you regulate bitcoin first, considering how easy it is to launder money using it? Stop punishing the common law-abiding citizen and go after the real problems first.

Posted as AC because FUCK YOU, I'm tired of your cunts and your shit attitudes.