Could Japan ban ICOs? - page 2. | Bitcointalksearch.org

joebrook

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Quote from: davis196 on November 05, 2017, 07:23:29 AM

It would be better if they regulate ICOs instead of banning them all.There are some scam ICOs ,but there are lots of good projects as well.Banning ICOs will be a bad decision ,because lots of cryptocurrency owners and investors will run away from Japan.
Anyway,i don`t believe that a mass cryptocurrency ban would happen in Japan.

I have even heard that some people are using ICOs to find their illegal operation such as terrorism financing and others are laundering money all in the name of ICO. The best thing to do is government making sure these are not scams and illegal operations.

liuqi

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Quote from: anhhung409 on November 05, 2017, 11:29:39 AM

Instead of completely banning ICOs, I think the dirty Japanese will not do so because there will be so many people who want to invest or make it out of Japan. Instead, one can adjust or remove some fraudulent ICOs because there are many good and potential projects in the future.

Are you out of brain. Japan is the only government makes bitcoin as a legal money and implementing many business adoption with the bitcoin. They have installed bitcoin atm in their airport as well.
Korean done the ICO banned and followed by the very few countries only made ICO illegal in their countries.
I am sure that they will not ban ICO, if do that some legit ICO owners and investors also will affect because of that move.

BillyBobZorton

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Quote from: filharvey on November 05, 2017, 07:16:21 AM

Earlier,we saw china which was a dominant power in bitcoin trading banned all ICOs due to lots of scam projects.Following it,south korea took the same step and now vietnam.

Now every one's eye is on japan.Japan has been the powerhouse of crypto currencies having almost 63% of world's bitcoin trade.Already,many global companies have shifted towards japan and switzerland due to the crypto friendly environment.

Now,with increasing scam ICOs,could japan too take the same step?

And if it bans all ICOs,then what would be the immediate impact over the crypto world?

Kindly share your thoughts.

I only know one thing: Bitcoin is being supported a lot by the Japanese government, to the point of seeing TV commercials about bitcoin (I saw this commented by a guy that actually lives in japan, so no bullshit history here). There are a ton of shops out there that support it, you can buy anything you want all over Tokyo with BTC.

ICO's are irrelevant. They ban ICO's? so what, more money goes into Bitcoin, that's the only that will happen, so as long as you are holding you will be ok. Stop stressing over ICO's.

Catmony

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They might regulate ICOs and bitcoin trading with more strict rules and terms but I don't think will just ban ICO like china and korea. I am also quite sure that those bans on ICO and bitcoin trading will be removed in china and korea within next few months after they will make standard terms to regulate ICO efficiently. Than all other countries where ICO is banned will copy those terms and regulate it.

KingScorpio

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Quote from: filharvey on November 05, 2017, 07:16:21 AM

Earlier,we saw china which was a dominant power in bitcoin trading banned all ICOs due to lots of scam projects.Following it,south korea took the same step and now vietnam.

Now every one's eye is on japan.Japan has been the powerhouse of crypto currencies having almost 63% of world's bitcoin trade.Already,many global companies have shifted towards japan and switzerland due to the crypto friendly environment.

Now,with increasing scam ICOs,could japan too take the same step?

And if it bans all ICOs,then what would be the immediate impact over the crypto world?

Kindly share your thoughts.

i think the icos are a sign that people are fed up with ledning for state banks or from banking cartels,

and i also think this is a huge opportunity to created certified and cleared financial markets that are decentral and obtainable for ICOs

i made a suggestion in the meta arround it,

btw. bitcoin and its splits is also scam.

it is a burden for the infrastructure, and it will be banned or vill lose its vaue because many enterpreneurs will team up and create anti bitcoin cartels to destroy it.

regards

anhhung409

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Instead of completely banning ICOs, I think the dirty Japanese will not do so because there will be so many people who want to invest or make it out of Japan. Instead, one can adjust or remove some fraudulent ICOs because there are many good and potential projects in the future.

buwaytress

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I have seen more and more ICO projects move towards incorporating in neutral- or crypto friendly jurisdictions (Switzerland would be top of that list right now) but is it really true Japan is another? I have seen only ONE Japan-based ICO in my entire time here - granted it was an obvious scam and long before regulations for exchanges kicked in.

I'd be extremely surprised if Japan were to make such a move. It's just incongruent with any of their previous decisions relating to crypto. But it's completely with the grain to expect ICOs to come under the same strict regulation as exchanges. It would also be the next logical step, if not the smart one to ensure Japan becomes East Asia's ICO valley.

monsterous

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yes they can but not think will do because japan always support new technology and they see future of virtual money

Fatunad

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Quote from: filharvey on November 05, 2017, 07:16:21 AM

Earlier,we saw china which was a dominant power in bitcoin trading banned all ICOs due to lots of scam projects.Following it,south korea took the same step and now vietnam.

Now every one's eye is on japan.Japan has been the powerhouse of crypto currencies having almost 63% of world's bitcoin trade.Already,many global companies have shifted towards japan and switzerland due to the crypto friendly environment.

Now,with increasing scam ICOs,could japan too take the same step?

And if it bans all ICOs,then what would be the immediate impact over the crypto world?

Kindly share your thoughts.

No one knows on what would be the decision of Japan regarding on regulating ICO if they saw that they would need to regulate it then for sure they would do that. I do somehow agree on regulating them to lessen the risk of scam projects which would lead up on losing money from its investors.If it is already being regulated then the risk of scam will be surely lessen.It wont really not totally affected majority on its price.It can changed but would still able to recover up and when ico's are regulated then maybe thats the time i dont hesitate on investing.

malikusama

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Ban over all the ICOs isn't a solution they need to find other way out, if this happen in Japan no doubt the scam will reduce but many promising ICOs will also suffer.
It is expected and they could ban it but as you have stated that Japan is powerhouse of crypto trading then may be it is possible that they would find other way out instead of banning.

LodisMcguire

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If they can't handle those scam ICO,i think they will start to regulate ICO to prevent such scam
Banning ICO is only when there are too much to handle for them and only temporary

GorillaDental

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They could, but I think they'd first establish a set of high standards for them instead. Crypto seems to have a bright present and future in Japan, as they are eager adopters of new technology. They have a history of importing things and then modifying them to suit their tastes and needs. I'd expect they will encourage home-grown coins and protocols, too, but in a way that seeks to weed out the scams. Crypto is maybe one way their economy can start growing again. They also have an aging population, so it would be smart to facilitate look to long-term passive income streams, like serving as a reliable crypto hub...and holder of bitcoin, etc.

subSTRATA

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Quote from: davis196 on November 05, 2017, 07:23:29 AM

It would be better if they regulate ICOs instead of banning them all.There are some scam ICOs ,but there are lots of good projects as well.Banning ICOs will be a bad decision ,because lots of cryptocurrency owners and investors will run away from Japan.
Anyway,i don`t believe that a mass cryptocurrency ban would happen in Japan.

this is the move i foresee as being the most likely; in the event japan moves to ban ico's, it would be because the administration determined that the ico scene was too sketchy, and decided that banning them outright would be the best interim solution until legislation were to be implemented that would regulate the projects and create a safe environment for its citizens to invest in. and as for your second point, ico's arent even necessarily tied that strongly to bitcoin. if japan were to ban ico's permanently, i think very few, if any people at all, would even consider moving out of japan just for the sake of investments. there's not much offered in taking that course of action, and unless ico investment was literally their only source of income, i dont think the option would even be considered. i dont know where you're getting that idea from.

Frank0209

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Bitcoin were born in here and Japan is one out of the first countries accept cryptocurrency for payment so I don't think they will act like China or Vietnam

). I think everyone will have to take their own risk if they want to make money by investing in ICO. There are no easy way to earn money and every way has its own risk so if a government ban a investing way just because it has some risk for investors I think they should ban all other investing ways not only ICO

)

tunctioncloud

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There are obviously scam ICOs, but this is just a minor part, really. Most of them are promising projects, sometimes badly managed, this is true. I think they will not ban them, but rather look forward to stricter KYC requirements.

HeRetiK

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Arguably most ICOs are simply unregulated securities that try to use legal loopholes, which puts them in a legal grey area in the first place.

So yeah, I could very well imagine Japan banning -- or at least trying to regulate -- ICOs. Their friendly stance towards Bitcoin has nothing to do with their -- currently unknown? -- stance towards ICOs. While both exist in the same space, Bitcoin and ICOs are two wholly different asset classes.

ICOs are an amazing concept, but unless the market gets its shit together I think it's only a matter of time until more bans follow.

stompix

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Quote from: taiwww on November 05, 2017, 08:46:53 AM

Now news has started about biggest contributor Japan.
Japan trades more than 60% of bitcoin transaction.

First phrase makes absolutely no sense.
Second, I don't care about trading volume and nobody should care even one tiny bit.
Remember how China had 10x the amount of all western exchanges? We all now how this ended.
And this 63% coming from the country that allowed the entire Gox drama to happen, I don't buy it.

Quote from: HBT_HE on November 05, 2017, 07:59:53 AM

If so, Japan will become a very important bitcoin trading countries, will dominate the future development of bitcoin

I really fail to see how this would be a great thing. Is China dominating the development of btc , now that it has banned ICOs ?

Quote from: esgdrhlg on November 05, 2017, 08:58:14 AM

I think the future of virtual cryptocurrency will focus on mining, updating various algorithms, similar to XZC and ZEC

If the future of cryptos is to burn electricity like an aluminium plant and each of us to have 20 miners or GPU cards in our closet, then count me out.

Rotsor

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It is possible Japan could do that because South Korea made a stance and made a point of pointing out the difference between speculative ICO's and Bitcoin. Since Japan legalized Bitcoin in their country they could very well do that, however they might try and put regulations around something like that to try and profit from it kind of like the way they are with taxing BTC right now.

esgdrhlg

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As you can see, ICO is a parasite that overdrafts the future of the virtual cryptocurrency world.Because most of the ICO's project in 2017 is not good enough, it has gradually become a financial scam.I think the future of virtual cryptocurrency will focus on mining, updating various algorithms, similar to XZC and ZEC

CuriousGeorge

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My opinion is that, there's a chance for it. The other countries that I can say not so cryptocurrency friendly have taken an action against ICO to prevent their citizens from scammed.
Seeing that japan currently considered as the most friendliest country to digital currency such as cryptocurrency, they might release a really strict regulation but, if it's not enough to prevent fraudsters, they may just ban it and the problem gone.

Quote from: dali_masmoudi on November 05, 2017, 08:32:31 AM

Do you think that banning Bitcoin is a problem ?
First of all there is no reason to ban it.
Second, we suppose that it is banned I Don't think that it will influence a lot the price of Bitcoin. It happened with China (the first Bitcoin community) and it caused 1500 usd as a loss. So I Don't think that it will drop that way it Japan ban it.

I hope you can afford a pair of glasses so atleast you can read the title right even if the title itself have bigger size of font than the entire content here.

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