Japan on it's move to regulate cryptocoins, has started licensing exchanges operating inside it's jurisdiction.
https://www.bitsonline.com/japanese-exchanges-licenses/Quoinex becomes the first to get such license followed by bitflyer.
So, are we going towards more kyc, identity verification, source of income, income tax, profit tax, remittance tax?
To me this is a very good development and a step in the right direction. We should all support Japanese government on This as this is the major way governments will have interest in cryptocurrency. Regulations will also help in putting scamming exchangers to check. I think more countries should follow suit in regulating cryptocoin exchangers as this will sanitize the cryptocoin market.