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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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