KIEV. July 3. UNN. Now cryptocurrency trading platform Japan will regulated in accordance with the Law on the financial instruments and exchanges. It is reported by Cointelegraph, reports UNN.

In particular it is noted that at the moment in Japan cryptocurrencies are considered as means of payment. Now bitcoin will be treated as a financial product.

This initiative belongs to the financial services Agency of Japan (FSA). Therefore, the FSA plans to change the legal basis to “make the digital money industry more transparent and safe.”

Meanwhile, Ukraine is still undecided in the regulation of cryptocurrencies.

In the Ukrainian Parliament registered several draft laws on legalization of cryptocurrency market in the country. NBU offers MPs called premature and “raw”.

One of the documents was prepared by the MP from the RPL Serhiy Rybalka. The team of authors of the bill “On stimulation of the cryptocurrency market and its derivatives” he turned on his wife Anastasia Bayborodina. Then, colleagues in the radical faction criticized the latest “for pulling the familiar” in the lists of legislators.

With regard to the nature of the proposed Fishing of the bill, the experts of the Bitcoin Foundation, called it meaningless. And the General Director of investment and banking firm European Capital Management Vadim Brailovsky, and even stated that the initiative of a radical is nothing more than political populism.