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Virtual Currency › Japan FSA

Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender... more +
Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency.    less -
Proskauer - Blockchain and the Law

Multi-Billion Dollar Japanese Tech Conglomerate to Process Salaries in Bitcoin

Proskauer - Blockchain and the Law on

GMO Internet Inc. (“GMO”) is a Japanese-based tech conglomerate with over 4,700 full-time employees and a market cap of over 200 billion yen. Since May 2017, the organization has taken steps to enter the cryptocurrency space,...more

Jones Day

Japan's FSA Clarifies Regulatory Position on Initial Coin Offerings, Warns of Risks

Jones Day on

The Situation: The Financial Services Agency of Japan ("FSA") has released a statement on initial coin offerings ("ICOs"). It clarifies the regulatory position of ICOs under Japanese law and also highlights potential risks to...more

Cooley LLP

Blog: Japan To Regulate Virtual Currency Exchanges

Cooley LLP on

The Japan Times is reporting that the Japanese legislature has adopted a Bill on the regulation of virtual, digital and crypto-currency exchanges. The Bill, which is only available in Japanese at present, was approved by...more

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