Post
Topic
Board Altcoin Discussion
Re: Japan starts registering exchanges
by
Ch1bi
on 29/09/2017, 14:38:59 UTC
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?

I think it's a step in the right direction. People don't want exchanges just running off with people's money, so I hope things work out. With that the users of those exchanges will probably need to provide some sort of identity, and the exchange themselves will have to give up information such as income etc.