Could Japan Possibly ban ICO’s | Bitcointalksearch.org

Mpamaegbu

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Quote from: Manutax on October 23, 2017, 12:52:22 AM

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

Your title thread and comment have it as ban on ICOs. So, how come Bitcoin is dragged into it again. If any country chooses to place a ban on ICOs it will be to protect its citizens from scams that lately ICOs have become. But that doesn't necessarily mean there will be a general ban on existing cryptos. By the way, ICO means: Initial Coin Offering. It means those coins are yet to go to the market as devs seek this avenue to raise money for their projects. Most times the devs disappear into thin air after raising the money. It will be a good thing to strictly regulate ICOs.

Manutax

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It is my believe that in the next couple of days there will be some additional updates on this intial story. If there is some veracity to this claim, the authorities will make a press Release with further clarification. I don’t think this is complete rumour. There may have been some discussions going on in Japan about the future of ICOs which necessitated this news filtering out into the public domain.

Lorilikes

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I think it's a safe assumption that Japan will come up with some major regulatory guidelines but no bans, for now. Thankfully! It's bad enough out there. Japanese are showing sensible reactions.

shillberting

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This actually surprising is good news I feel like. Think about it when you have so many scamming ICOs and useless ICOs you need to curb this out and this seems to be the only way. I hope more countries follow suit and do

the same because you dont need a ton of investors getting burned left right and center. It is one thing if a product didnt meet the criteria they thought they would but over half these ICOs just have a whitepaper and no real

plan to develop a product. How about we change that model to you bring a product to us and we tell you if it is worth the money you want. I for one and going to not participate in an another ICO until I see a change in how

they are operating. They currently are scummy as all hell and the worst aspect of the crypto industry (forks might be a close second who knows).

albert11

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ICO can not be banned. Depending on whether it is defective in the name of ICO. Many as ICO use to steal and I think that's why ICO should stop. But this is a good thing for us so we do not want to worry because it will be restored to their operations when problems are resolved.

VeeraS

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Quote from: Manutax on October 23, 2017, 12:52:22 AM

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

I think what you say is a rumor. because I know japan is one of the countries that respect bitcoin. so it's possible Japan is taking a policy on ico doing misuse. so I always believe jepan will always do my best on bitcoin.

Exister

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Japan is a strange country.

it will not ban icos but there may eventualy be high barriers for icos to comply with japanese regulations.

If u look at recent ico COMSA, it is an ico for creating icos so they can... u know. among their ico comitee is a representative from Mitsubishi UFJ bank.

"icos for centralized business"

Akash1243

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Japan is the biggest supporters of crypto currencies but ICOs sure has gained an bad reputation because of large number of scam or fake ICOs in the market so it wont be a surprise that if Japan banned ICOs just like China did.This can be a fake news too, just to make people panic sell their bitcoins so that there is dump in price and they can buy bitcoins at cheaper rates this had happened.This ban would surely affect bitcoins but bitcoins will easily recover from this just like when China banned ICOs.

rfcdejong

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Certainly we can not find out what will happen in Japan to regulate the ICO. In my opinion, Japan will take the crypto currency side.

lucifochrome

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What i think is that this is not going to be a total ban, a regulation of the crypto currency perhaps. Japan is a big supporter of bitcoin since it started its legalization however the scam ICO's may be affecting the market of japan so the government may have decided to put a stop into this. This might be something like what china did. banned new ICO's not the whole cryptocurrency because clearly there is a market for it and with the new age people are getting more into the cryptocurrency world than the traditional currency.

terrific

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Quote from: Tesorex on October 23, 2017, 12:58:10 AM

They have decided to postpone the ban after they saw cryptos has community members like you. they know users like you couldn't do anything harmful, just read your own title. Wink

Do you have the resource for this? I keep on searching on google but the queries are just like the same with the title of this thread. I know it's possible but the thing here is that many are waiting for their announcement that they'll do the exact the same thing on what China did. Because we know that there's a lot of people that are spreading fake news and FUDs to the crypto community and wants to pull some price of bitcoin so that they can buy at dip.

Viscera

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Quote from: Manutax on October 23, 2017, 12:52:22 AM

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

I think a ban could be potential, although no timetable for its implementation.Japan’s decision on ICOs will have consequences on the market. A ban could limit the volume of investors. so i think Ethereum price will fall down also

Vatimins

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Quote from: Manutax on October 23, 2017, 12:52:22 AM

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

Well, the way i see it, it isn't impossible to happen. Because every country has the authority to ban or to support bitcoins or any other crypto currencies out there.
But i think this is just a fud. Because it wouldn't be logical for japan to ban bitcoins. Specially now that a lot of its citizens are getting more and more aware of this currency and jumping into it. But maybe they will do something to be able to regulate these crypto currencies just to make sure that they will be able to avoid scam ICOs that may scam their citizens and rob them.

passwordnow

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It can happen but the good thing is that they are not considering it as of the moment but still be aware that anything can happen. The growth of cryptocurrencies to Japan is fast and that's why they have to do something to protect their citizens too from scams and I think this is the reason why China has banned ICOs and now if Japan will ever do this, they are thinking for the good of their people and they aren't really for the profit.

Aizhen05

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Quote from: SMSabuj on October 24, 2017, 12:36:02 PM

Yes, there is a possibility to ban ICO by Japan. But I think Japan will not do this. Japan can ban ICO because there are a lot of scam ICO and China already banned ICO. That's why Japan can ban ICO for sometimes. And I hope they will Withdraw the ban from ICO again.

Possibility of banning some ICO in japan is positive let say this can be one of speculation but always remember that just like china what if japan does it too but unfortunately we cant say that this will last let us be awakened and aware for all the possibility that can happen specially from banning some ICO.

SMSabuj

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Yes, there is a possibility to ban ICO by Japan. But I think Japan will not do this. Japan can ban ICO because there are a lot of scam ICO and China already banned ICO. That's why Japan can ban ICO for sometimes. And I hope they will Withdraw the ban from ICO again.

Butchick

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Everything is possible. Despite the fact that bitcoin started in japan, still it is possible for them to ban icos. For one, there are so many icos that end up as a scam so we must be vigilant when we join icos. And this could be one of the reasons why they will ban icos.

U

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Quote from: jerowacik on October 24, 2017, 12:28:57 AM

Quote from: Manutax on October 23, 2017, 12:52:22 AM

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

I think this will end up like what happened to the country of china. made statements are good enough because it can make fraud like ICO can be reduced. but I still believe that bitcoin will survive this sort of thing. Prohibition will only last for some time and bitcoin prices will return to the positive treck. Japan is an influential country but it will not affect the very strong bitcoin at the moment.

Yeah,agree.
The problems is most ICOs will be failed,and some even are fraud,so is the consideration of ICO BAN.

jerowacik

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Quote from: Manutax on October 23, 2017, 12:52:22 AM

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

I think this will end up like what happened to the country of china. made statements are good enough because it can make fraud like ICO can be reduced. but I still believe that bitcoin will survive this sort of thing. Prohibition will only last for some time and bitcoin prices will return to the positive treck. Japan is an influential country but it will not affect the very strong bitcoin at the moment.

Nerman

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I really think that this could happen because of reported scams from ICO. Japan is a very innovative country and it will protect its citizens. After banning I think they will also regulate ICO and try to filter which coins will be allowed to hit their market. In this way their citizens will be protected for scams ICO.

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