I think this possibly because Japan only gives suport to bitcoin that's why they don't want other crypto currencies to enter their market, there's a lot of ICOs introduced in the market this somehow divert the market of cryptos and make the demand in bitcoin lessen so I think japan just want to penetrate the bitcoin market and wants to focus on it.
Topic: Could Japan Possibly ban ICO’s - page 3. (Read 920 times)
Yes japan can ban ico's from its country. but point is this news won't effect on cryptocurrency market. China did ban ico, that's why they provide Rumor. And You have to more about crypto, than will understand.
I read the article on Forbes - "An ICO Ban In Japan Is Still A 'Definite Possibility'".
Basically in Japan the use of crypto currency is very common, and the Risk with ICO is that normal/non-skilled people are scammed.
In this scenario a ban or legal restriction for ICO is possible.
Basically in Japan the use of crypto currency is very common, and the Risk with ICO is that normal/non-skilled people are scammed.
In this scenario a ban or legal restriction for ICO is possible.
I don't think they will ban ICO's because they lead the cryptocurrency world by adopting it very early. But they might rather regulate ICOs in order to avoid the multiple scams 
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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.
japan could be possibly to ban ico like korea because if the japan government can see that there is so many ico that don't have a good plan for the ico and japan can protect their citizen from getting scam, they can do this with easy. but i don't think bitcoin and other cryptos will gets the bad impact because i think its different between the ico and the bitcoin especially if we talk about crypto currency. the ico is like a project that is not yet run properly and they need to test the project by doing many things like attracted the investor, make promotion, release the coins and other things.
Where do you read this news?
Do you have any reference? You must post the link and put some credit on it.
Regarding to your question.
Yes it is really possible, most ICO project are often supported by altcoins.
Bitcoin is known to japan. In fact banning is also consider a serious discussion. If they do the same thing what China do then it will be a real loss to all of bitcoiners. (China not included)
Do you have any reference? You must post the link and put some credit on it.
Regarding to your question.
Yes it is really possible, most ICO project are often supported by altcoins.
Bitcoin is known to japan. In fact banning is also consider a serious discussion. If they do the same thing what China do then it will be a real loss to all of bitcoiners. (China not included)
Yes, Japan could possibly ban ICOs but I don't see any reasons for them to do that. Japan is one of the bravest countries who took the initiative to adapt and legalize Bitcoin. In fact, they now have COMSA which is the very first Japanese ICO. At the very least, I think Japan will only wanted to regulates ICOs to avoid SCAMs.
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.
Everything is very much possible in this crypto community. Without any issue that will be last resort if the regulation is impossible to do in real time. The issue of ICOs is that all they wanted is to be done right and because implementing it is out of their reach they consider banning it and because ICOs is being done outside the exchange sites, they have little or not control over it. The implication will definitely affect to a large extent especially on whose platforms ICOs is being raised now such as Waves and ETH.
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.
Even an small doub't i dont thinking that japan would ban ICO because the father and founder of bitcoin was born in japan Mr Satoshi.japan is the no. 1supporting about digital currency as far as i know, japan economy raise in to high because of the bitcoin help and the camaraderie of the people.
I don't think Japan would be so stupid to ban ICOs. They are a big world leader in Bitcoin and it would not make sense to lose this advantage they have.
maybe its another way to create some panic if ever news will come and inform every holders that japan will also conduct such action but for my ownpersonal opinion japan is not that type of country they know what are they doing so after deciding to adopt btc they will keep it that way together
with other crypto's alongside with ico its there people's responsibilities to choose whatever they think is good for them.
I don't think Japan would be so stupid to ban ICOs. They are a big world leader in Bitcoin and it would not make sense to lose this advantage they have.
Cointelegraph also carried the news
https://cointelegraph.com/news/ico-ban-in-japan-a-definite-possibility
https://cointelegraph.com/news/ico-ban-in-japan-a-definite-possibility
Japan is one of the leading countries that are supporting cryptocurrencies and ICOs and I don't really think they will be banning it when they are openly accepting and using it. For me this is just another FUD and an attempt to weaken ICOs.
Hey
Well I don't think if they banned ICO's it will be a very big deal, and yes obviously they can ban ICO's there is no doubt in that.
First of all these ICO's that are now prevelant in this time 90% of them are fake , they ask people to donate a fraction for the establishment of the new project or a company or a new currency and then they are never heard about.
Thus due to this ICO system many people are getting scammed and thus even if they are Thinking about banning ICO's then it might be valid.
Not all are fake offcourse !but most of them are and maybe the situation in Japan is worsened because of increasing number of scams that government has to consider it.
But whatever maybe the reason it will be for the welfare of people.
Well I don't think if they banned ICO's it will be a very big deal, and yes obviously they can ban ICO's there is no doubt in that.
First of all these ICO's that are now prevelant in this time 90% of them are fake , they ask people to donate a fraction for the establishment of the new project or a company or a new currency and then they are never heard about.
Thus due to this ICO system many people are getting scammed and thus even if they are Thinking about banning ICO's then it might be valid.
Not all are fake offcourse !but most of them are and maybe the situation in Japan is worsened because of increasing number of scams that government has to consider it.
But whatever maybe the reason it will be for the welfare of people.
wow if true RIP mona coin
This news of a possible ban of ICOs by Japan appeared on Forbes
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#2c07a089213e
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#2c07a089213e
A lot of these governments are rushing into these decisions. The first option should never be to simply ban all ICO's. You will destroy a vibrant new innovation and also a functional alternative to the current funding of new business ideas. They should start with proper regulation to protect the tax income that might be generated from this technology/industry.
How do you really ban ICO's that are funded by a decentralized currency? People will just find other illegal ways to invest in these ICO's. ^hmmmmm^
How do you really ban ICO's that are funded by a decentralized currency? People will just find other illegal ways to invest in these ICO's. ^hmmmmm^
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.
Where's the link for this? They can possibly ban ICOs and they can simply focus to bitcoin because they are not into many types of currencies that makes the heads of each Japanese crazy. We know on how Japan is one of the biggest market movers of bitcoin and this will give a big effect to the price of bitcoin. Remember on how China did it, everyone was into watching the market on how it will be surviving because of the ban but later on we survived even without them, so the same thing can happen.
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.
Always share the source of the news. Thanks.
As for the ban on ICOs, they should in my opinion. They are becoming a means for scamming the people of the community. I know some of you have made some Bitcoins by buying and dumping them but what about the losers in the trade?
I hope a ban will impact Bitcoin positively because of less competition in the market. But if a ban cannot be implemented, they should at worst regulate it.
It's possible. Most of them are scams, so something must be done. There should be no lasting impact on cryptos that have nothing to do with ICOs, such as bitcoin.
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