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

makes sense

[Anonymous Coward]

the venn diagrams of bitcoin, katana and anime enthusiasts are basically a single circle

Bitcoin is not "conventional currency"

[PopeRatzo]

If I can't roll it up and use it to snort a line, then it's not money.