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?
It was promising news which will really contribute to the growing adoption of crypto all over the world. I pity Japanese crypto users though, they need to pay tax with their crypto transactions just because it will be regulated but even if that is the case they might be happy about it because they can use it in their daily lives now.