| Japan is preparing to define bitcoin as a commodity and establish rules for trading and taxing the virtual currency "in the days ahead," according to the Nikkei Asian Review . The reported move comes after the collapse of bitcoin exchange Mt. Gox, which was located in Tokyo.
Banks and securities firms won't be allowed to handle or broker bitcoin trades, according to the report. Bitcoin trading gains and bitcoin purchases will be taxed...............................................Full Article: Source
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