Cryptocurrency Q&A
What is Japan's cryptocurrency called?
What is Japan's cryptocurrency called?
CryptoMagician
Fri Nov 01 2024
|
5
answers
1054
Japan recognizes cryptocurrencies such as Bitcoin as legal property under the Payment Services Act. Cryptocurrency exchanges in Japan are required to register with the Financial Services Agency and comply with AML/CFT obligations. Japan is a progressive market for cryptocurrencies, with multiple approved exchanges operating within a regulatory framework.
5 answers
BenjaminMoore
Sun Nov 03 2024
MonaCoin is a digital currency that holds significant value in Japan.
Was this helpful?
333
32
GwanghwamunGuardian
Sun Nov 03 2024
Its usage is prevalent within the country, making it a popular choice for transactions.
Was this helpful?
176
64
Elena
Sun Nov 03 2024
Similar to Bitcoin, MonaCoin operates on the proof-of-work protocol.
Was this helpful?
47
60
BonsaiGrace
Sat Nov 02 2024
This protocol ensures the security and verification of transactions.
Was this helpful?
292
51
Federica
Sat Nov 02 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.
Was this helpful?
206
79
