Since June 18, Japan will officially prohibit anonymous cryptocurrencies

Since June 18, Japan will officially prohibit anonymous cryptocurrencies


The Japanese Financial Security Agency (FSA) reported about introduction of prohibition on anonymous cryptocurrencies from potential possibility of their use in knavish aims. An official law will enter by virtue of June, 18. Сoindesk reports.

Information about possible prohibition the anonymous altcoins appeared as early as April. Breaking of the exchange Coincheck became reason a toughening adjusting that cryptocurrencies. Then hackers succeeded to steal $533 million in cryptocurrency of NEM.

The Japanese Financial Security Agency (FSA) puts pressure on cryptocurrency exchanges with the purpose of their abandonment from the use anonymous digital currencies.

FSA supposes that anonymous virtual currencies are used for washing of means and other unlawful activity. Thus the special accent a regulator did on cryptocurrency of Monero. He considers that she can be used by the government of North Korea for the round financial limitations.

In spite prohibition, a regulator declared that this decision would not prevent to development crypto industry, and only will do her maximally transparent and safe for investors.

We will remind, at the beginning of April the Japanese Financial Security Agency (FSA) showed new requirements to procedure of realization ICO. As wrote the agency Bloomberg, in a document requirements are described to authentication of investors and possibilities determination influence on potential customers, to prevention the white-washing, and also defence customers tokens.

For realization ICO in Japan companies must get registration, and also to give the exact plans of the work and spending. After the beginning sale to the tokens startups will be to report about distribution of the attracted facilities, and also interest payments from a profit.

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