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Are they actually regulating bitcoin or cryptocurrencies?

What's to prevent everyone from just moving to Dogecoin or Likecoin or some other substitute to stay off book?

Well, the existing value in Bitcoin, for one. I'm mining dogecoin largely to learn a little bit about these currencies, but if everyone did move over, by the time it reached the same value Bitcoin has it'd be regulated too.

From what I've read, I doubt the Japanese government (mostly Aso, whose game I'm guessing this is) actually understands that there are other cryptocurrencies.

Similar to "bath salts," that legal trickery may work for a while, but the law will eventually catch up if a government is motivated to stop something.

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