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
This is good I think for us here, I am hoping that once it happens or approve the other country would see this as a positive way when it comes to
digital money/currency. Then, as I can see with it the citizens in Japan was also lucky due to their country is very open to this kind of crypto world.
japan government really consious about future technology in blockchain, especially crypto market.so that is why, positive news come from japan.and if they already set the rules , maybe will followed by other government.