Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money
The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.
According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.
It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari
I think this is good news, with the increasingly stringent rules that will prevent abuse and illegal transactions which many harm many parties. and I think japan fully supports the development of cryptocurrency to grow and grow rapidly.
The bad news for sellers is the further fall in value these days while for buyers the good news is the low rate so that they get coins on low price in large quantity. Be optimistic in the market as we have seen recoveries in the past and in the previous year which hit the highest value of the Bitcoin so same in the upcoming days the Bitcoin can even go higher than the previous record.