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What The Average Japanese Think Of Cryptocurrency - ASIAN BOSSIn Japan, cryptocurrencies are neither treated as money, nor are equated with fiat currency. However, bitcoin has been recognized as a legal tender in Japan. While exchanges are legal in Japan, after a series of high profile hacks, including the notorious Coincheck heist of $ million in digital. A group of Japanese firms will issue a digital currency by July for the transaction and settlement of clean energy certificates.