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
In my way of thinking its really good to have like that regulation to prevent laundering in their country. Even though Cryptocurrencies are decentralized still we need a rules so that we have a limitations in what we are doing. Japan is one of those countries who accepted bitcoin and it is great to the government to pay attention to this kind of thing.