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Politics

Japan to spell out rules for cryptocoin payments

Large international transfers targeted to help nascent market

Japan's Ministry of Finance will make rates at cryptocurrency exchanges the measure of whether a cross-border payment needs reporting. (Photo by Wataru Ito)

TOKYO -- Japan plans to clarify rules for cross-border cryptocurrency transfers following recent hiccups with the technology, making it easier for businesses to comply with existing law and paving the way for a new era of cross-border payments.

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