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Japan says Bitcoin transactions not a currency but taxable

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Published : 2014-03-07 10:35
Updated : 2014-03-07 10:35

Japan's government said Friday that Bitcoin is not a currency but that it "is natural" that transactions involving the virtual unit should be taxed.

"As a matter of common sense, if there are transactions and subsequent gains, it is natural... for the finance ministry to consider how it can impose taxes," Chief Cabinet Secretary Yoshihide Suga told reporters. (AFP)