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On April 1, a Bitcoin legalization bill drafted and proposed by the Japanese Financial System Council (FSC) was taken into full effect. According to The Japan Times, the bill was proposed in December of 2015 with the intent of preventing unregulated Bitcoin exchanges like Mt. Gox from mishandling user funds and operating with weak Know Your Customer (KYC) and Anti-Money Laundering (AML) systems.
Source: Bitcoin Price Hits $1,130, Japan Legalizes Bitcoin, Scaling Progress