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
Quite good but how exactly store they going to do that? And note that they just said digital money and werent being specific on which one they are talking about. If they are going to do that, I dont see the how they will be able to tell when someone is about transact money with Bitcoin and how will they be able to know the location at which youre transacting from?