02.06.2018
684

Japan is going to ban anonymous cryptocurrencies

In order to prevent money laundering and other criminal activity, Japan’s Financial Services Agency, is quietly pressuring cryptocurrency exchanges to give up handling Monero (XMR), Zcash (ZEC), and Dash (DASH) and other cryptocurrencies favored by criminals and hackers.

Currently, all three currencies can be legally exchanged in Japan but there is a possibility that in the future trading in the currencies could be banned. However, the FSA could also simply apply pressure on registered cryptocurrency exchanges to effectively stop their trade in Japan.

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