Japan could allow wage payments in cryptocurrencies

[Buenoscoin]

In Japan, the Ministry of Labor has received a joint request from the Tokyo Metropolitan Government and risk companies for the Labor Standards Act to be amended. Apparently, this occurs as a result of the proliferation of digital money and salaries paid in cryptocurrencies, which would end up making unnecessary the idea of withdrawing cash from banks.

This was reported by a Nikkei report, which mentions the National Strategic Special Zone (NSSZ), a government agency that promotes the creation of centers of international economic activities and works with venture companies in Tokyo. As the main entity that requested a change in labor regulations.

Apparently, the Government of Japan raised the possibility of making salary payments through smartphones equipped with a prepaid card function and a virtual wallet. This would only happen in specific areas of the country.

This proposal would benefit foreign workers who live in Japan, whose difficulties to open a bank account in the country result in problems with their salary payments. In addition, a software company called Doreming Holding would have already proposed to the government the creation of software that would allow the payment of salaries in mobile wallets enabled on smartphones.

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[Nanagyasi]

This is a good news to the crypto world since it will increase the potential to attract more investors into crypto.

[Hadisularto]

I really like this news, it can increase investors who invest in crypto, hopefully in my country I can follow in Japan.

[therozaq]

In Japan, the Ministry of Labor has received a joint request from the Tokyo Metropolitan Government and risk companies for the Labor Standards Act to be amended. Apparently, this occurs as a result of the proliferation of digital money and salaries paid in cryptocurrencies, which would end up making unnecessary the idea of withdrawing cash from banks.

This was reported by a Nikkei report, which mentions the National Strategic Special Zone (NSSZ), a government agency that promotes the creation of centers of international economic activities and works with venture companies in Tokyo. As the main entity that requested a change in labor regulations.

Apparently, the Government of Japan raised the possibility of making salary payments through smartphones equipped with a prepaid card function and a virtual wallet. This would only happen in specific areas of the country.

This proposal would benefit foreign workers who live in Japan, whose difficulties to open a bank account in the country result in problems with their salary payments. In addition, a software company called Doreming Holding would have already proposed to the government the creation of software that would allow the payment of salaries in mobile wallets enabled on smartphones.

Did you like this article? Don’t forget to follow @Buenoscoin on instagram to stay up to date with all the news of the cryptoworld.

Want to BUY BUENOS COIN? Check out Buenos.io for more info.

It is good news. I am glad to hear that. I want all countries do like that, Allow crypto currency.

[laughingburger]

This is definitely a good news to crypto and crypto wallets. In the long run the wallet creation rate will increase the using of crypto either from the employer to employee or employee for investment purpose. 

[Jaguar]

Japan government could be the best government ever in Japan history once they make it.  I am talking about Japan present history that could be. This is another opportunity to let the benefits be experience.

[aiviaa485]

maybe the workers also have to have a Bitcoin wallet each and must have a smartphone. and that is the progress of the times

[altery0518]

I think this could be possible in japan considering that the country is progressive and most of their people are aware on cryptocurrency investment and country is covered with internet connections in all areas.

[trons]

This is another big step in the direction of popularizing cryptocurrencies. If the governments of other countries start supporting the cryptos, then I think in the near future the cryptomarket is waiting for growth.