Regulation as the best practice is the secret of Big Bitcoin in Japan
This knowledge-based approach also depends on the importance of a reliable regulatory framework. Mt. The bankruptcy of the Gox prompted the Japanese government to decide on how to treat Bitcoin, and was preceded by a push by local regulators to license exchanges of crypto-currencies.
In this light, Japan has become the first country to regulate the exchange of crypto-currencies at the national level. Part of the government's efforts to use financial technologies as a means of stimulating the economy.
Japan's provisions help prevent misuse of bitcoins and other crypto-conversions for illegal activities and require banks and other companies to verify identity, store reports and report suspicious transactions.