2018-6-26 00:50 |
Japan’s Minister of Finance thinks that it is doubtful the public would accept a change in the taxation of cryptocurrency transactions, Cointelegraph Japan reports today, June 25.
During the same meeting, Aso noted that the position of cryptocurrency in the international financial sector is uncertain.
He also spoke of the importance of the development of blockchain technology, but added that supporting the technology can be controversial, given that it underlies cryptocurrencies.
Japan’s Financial Services Agency (FSA) has been active last week, issuing business improvement notices to crypto exchanges as part of their ongoing regulatory inspections following the $530 million hack of Japanese crypto exchange Coincheck in January.
Today, the two vice-presidents of Japan’s self-regulatory cryptocurrency exchange body resigned after both of their respective exchanges received FSA business improvement notices last week.