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
Is that so? Can you please give us some proof of that news on how true it is? Bitcoin became famous all over the world already. And government starting to make a move about it. Implementing restrictions can be good also to avoid illegal transactions of bitcoins. Although it can be a bad news aswell because it getting harder to use bitcoin freely.