Japan panel eyes registration system for virtual currency exchanges | The Japan Times

Japan’s Chief of Bitcoin Regulations

Taking a page from the New York Department of Financial Services, Japan appears toe begin working on rules to regulate virtual currencies. No word from Mt. Gox or Mark Karpeles if this will impact their business.

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A working group under the Financial System Council has compiled a draft proposal on regulations for virtual currencies that are traded on the Internet, informed sources said Wednesday

The draft calls for introducing a compulsory system for the operators of virtual currency exchanges to be registered with the Financial Services Agency to protect virtual currency users, the sources said.

Source: Japan panel eyes registration system for virtual currency exchanges | The Japan Times