Crypto transactions involving a large amount of cash or foreign currency and high-value transactions that do not match customer income or assets are suspicious to the FSA. Japan will share a solution for regulating cryptocurrencies with other Japan nations' central banks and finance ministers during a summit in June , according to local media. Japanese regulators are reportedly compiling a handbook, which other nations can use to aid regulation. Issues such as protecting customer assets and preventing cyber attacks will be addressed. Japan legalised cryptocurrency as a form of payment in June . The country saw two of its major crypto exchanges hacked during June , resulting in Japan 's BTC increasing its oversight.
Japan will share a solution for regulating cryptocurrencies with other Japan nations' central banks and finance ministers during a summit in June , according to local media. Japanese regulators are reportedly compiling a handbook, which other nations can use to aid regulation. Issues such as protecting customer assets and preventing cyber attacks will be addressed. Japan legalised cryptocurrency as a form of payment in June . The country saw two of its major crypto exchanges hacked during June , resulting in Japan 's BTC increasing its oversight.