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Topic: Good news or bad news... (Read 3325 times)

sr. member
Activity: 1071
Merit: 253
June 18, 2019, 02:55:54 PM
Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari

This is for good. Just like Financial Action Task Force, it is a global financial body which impose sanctions on countries who fail to act against money laundering. Why not also create a rules for digital money? If this will maintain the balance of cryptocurrency from opportunist.
Agree with you, people who are corrupt will remain corrupt using money or digital money does not matter for them so those who are talking wrong about it are just trying to distract you. So try to spread only good news and be positive about your investment, only them you will be able to avoid scammer and  earn profit.
full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
June 18, 2019, 12:18:57 PM
Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari
I consider this concerns as a good news. Regulations is indeed needed and seems like they do think that digital money have some potential to be uses by wide audience and they do trying to prevent the fraud out of it. So yes its good news
hero member
Activity: 1596
Merit: 502
June 18, 2019, 06:00:05 AM
A group of nations called G20 have been planning to create global regulation that can be adopted by any nation including the develooing countries. The aim is to curb money laundering and to prevent bad elements for using bitcoin in their money laundering activities.  This new set of rules will also protects people from scams and other illegal activities so I believe that Japan's move is a good news and beneficial to its crypto users.

By creating global regulation, that will help the other grow, and that will give a chance for the cryptocurrency to grow in that country. People from that country can try to use cryptocurrency, and if somehow, they can get benefits from cryptocurrency, I am sure that they will continue what they did. Maybe Japan could be the leader of the country that using cryptocurrency and that will makes the other country will follow what Japan did. Maybe the regulation can prevent money laundering to grows and will help the government to control their economy too to get a better economy in the future.
member
Activity: 505
Merit: 35
June 18, 2019, 04:09:29 AM
Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari

This is for good. Just like Financial Action Task Force, it is a global financial body which impose sanctions on countries who fail to act against money laundering. Why not also create a rules for digital money? If this will maintain the balance of cryptocurrency from opportunist.
full member
Activity: 658
Merit: 102
June 18, 2019, 01:49:32 AM
A group of nations called G20 have been planning to create global regulation that can be adopted by any nation including the develooing countries. The aim is to curb money laundering and to prevent bad elements for using bitcoin in their money laundering activities.  This new set of rules will also protects people from scams and other illegal activities so I believe that Japan's move is a good news and beneficial to its crypto users.
hero member
Activity: 2128
Merit: 520
June 16, 2019, 03:24:27 PM
Each of us initially understands that the information space greatly influences the cryptocurrency market, especially if specific news is placed in a negative or positive format.  It also needs to be borne in mind that the real legalization of cryptocurrency in society depends on the governments, but if this situation is universal, then we will have to forget about the anonymity of the owner of the cryptocurrency.
That will be another thing, being adopted globally will questioned the intentions of this crypto currency how anonymity will take place since government
needs to centralized the system, it would be a big test if how well those government to set any ruling for the best benefits of both investors and traders
who continue patronizing this system.
sr. member
Activity: 1246
Merit: 252
June 16, 2019, 03:16:42 PM
I think its good news because government accommodating cryptocurrency in banking system. If this is involving cryptocurrency, i am believe its good for cryptocurrency market and investor will more confident holding cryptocurrency in their wallet
Yes, however, if the government involves cryptocurrency in any system it will be good news, because then at least we don't have to worry about holding crypto for a long time. So far many people are worried about crypto in the future, so at least the government involvement in cryptocurrency is a good step and indeed it seems should be implemented soon so that the crypto market can recover quickly.
government intervention will bring positive impact to cryptocurrency price.they should isseu policy that make investors confidence and comfortable.although at this time its not started yet, but in future they will do.

indeed the government's involvement in the crypto world can sometimes have a positive impact on the development of crypto in the future. because the government also plays an important role in the next crypto world. without government approval crypto will not work.
full member
Activity: 1204
Merit: 104
June 16, 2019, 01:03:11 PM
Each of us initially understands that the information space greatly influences the cryptocurrency market, especially if specific news is placed in a negative or positive format.  It also needs to be borne in mind that the real legalization of cryptocurrency in society depends on the governments, but if this situation is universal, then we will have to forget about the anonymity of the owner of the cryptocurrency.
full member
Activity: 588
Merit: 100
June 13, 2019, 10:43:00 AM
I think its good news because government accommodating cryptocurrency in banking system. If this is involving cryptocurrency, i am believe its good for cryptocurrency market and investor will more confident holding cryptocurrency in their wallet
Yes, however, if the government involves cryptocurrency in any system it will be good news, because then at least we don't have to worry about holding crypto for a long time. So far many people are worried about crypto in the future, so at least the government involvement in cryptocurrency is a good step and indeed it seems should be implemented soon so that the crypto market can recover quickly.
government intervention will bring positive impact to cryptocurrency price.they should isseu policy that make investors confidence and comfortable.although at this time its not started yet, but in future they will do.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
November 24, 2018, 08:56:27 AM
I think its good news because government accommodating cryptocurrency in banking system. If this is involving cryptocurrency, i am believe its good for cryptocurrency market and investor will more confident holding cryptocurrency in their wallet
Yes, however, if the government involves cryptocurrency in any system it will be good news, because then at least we don't have to worry about holding crypto for a long time. So far many people are worried about crypto in the future, so at least the government involvement in cryptocurrency is a good step and indeed it seems should be implemented soon so that the crypto market can recover quickly.
sr. member
Activity: 868
Merit: 289
November 24, 2018, 08:44:48 AM
Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari

This is sounds more interesting to me, on what newspaper did you read this announcement anyway? This is actually in good favor to all of us who believed in crypto. As long as I can see that crypto enthusiast will benefit from it, this is a good news of course. But like what I said I want to know if you could provide us a link for this updates news this past April 5.
sr. member
Activity: 1428
Merit: 251
November 24, 2018, 06:45:44 AM
I think its good news because government accommodating cryptocurrency in banking system. If this is involving cryptocurrency, i am believe its good for cryptocurrency market and investor will more confident holding cryptocurrency in their wallet
newbie
Activity: 41
Merit: 0
November 24, 2018, 05:30:51 AM
It is good news all the way. This is actually a deterrent for fraud, money laundering and other illegal transactions that they plan to make use of crypto currency and blockchain technologies. I mean it will go hand in hand with KYCs  and other deterrents such as these. This is a good steo into making investors feel safe.
Absolutely this is good news. When bitcoin would be implemented in our daily usage, there would not be an open door for politicians or everyone to corrupt money or do money laundering.
member
Activity: 420
Merit: 14
November 20, 2018, 09:00:56 AM
It is good news all the way. This is actually a deterrent for fraud, money laundering and other illegal transactions that they plan to make use of crypto currency and blockchain technologies. I mean it will go hand in hand with KYCs  and other deterrents such as these. This is a good steo into making investors feel safe.
newbie
Activity: 34
Merit: 0
November 20, 2018, 05:44:00 AM
Good news for crypto if Japan have accepted of bitcoin and altcoin transaction, we can trust with bitcoin or altcoin become the most popular digital money at the future if many country have allowed for using bitcoin and altcoin as payment transaction.
I agree it is really good news for all which others can adopt crypto to invest. Being popular that other people easy to use in any transactions bit[Suspicious link removed]d news to all users and I believe there will be more growth happen in bitcoin.
with more and more people adopting crypto to invest, it will be easier to spread to everyone, indirectly like promotions. of course this good news soon arrived at new investors, so that more and more investors scored
but its contradictive with government regulation.their policy didnt allow us to adopt and implemented cryptocurrency in our daily life.although not all country restricted this adoption.
Those who have a good knowledge and governed in their countries and they think about welfare of humanity, they accepted bitcoin. However, the others are still in confusion.
full member
Activity: 504
Merit: 100
November 15, 2018, 06:35:29 AM
for me, this news doesn't have good or bad impact for me because I'm not Japanese citizens, but maybe for Japanese people this is bad news because maybe their movements about cryptocurrency will be limited and noticed by the Japanese government. I hope this is good news for Japanese citizens.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
November 15, 2018, 05:09:17 AM
This must be good news. Japan’s attitude towards cryptocurrency is positive. This behavior is to prevent the cryptocurrency from being abused and causing damage to the economic system. This is a wise move. When people gradually limit the shortcomings of Bitcoin, the cryptocurrency market will skyrocket.
Yes, we have to follow the example of the Japanese government that is so concerned about Cryptocurrency growth in its country, very different from my country, which until now has not legalized Cryptocurrency. In Japan alone the government plays in Cryptocurrency which aims to protect Cryptocurrency from people who want to damage it.
If being done correctly the usage of crypto will be much greater in a daily business, japan have a good intentions making crypto as another currency that can be used and legalized the existence of this chain, hopefully more country like them which is fully developed will also adopt the system and makes a good impressions so people inside the community will learned and accept the service.
full member
Activity: 546
Merit: 100
November 15, 2018, 04:59:17 AM
This must be good news. Japan’s attitude towards cryptocurrency is positive. This behavior is to prevent the cryptocurrency from being abused and causing damage to the economic system. This is a wise move. When people gradually limit the shortcomings of Bitcoin, the cryptocurrency market will skyrocket.
Yes, we have to follow the example of the Japanese government that is so concerned about Cryptocurrency growth in its country, very different from my country, which until now has not legalized Cryptocurrency. In Japan alone the government plays in Cryptocurrency which aims to protect Cryptocurrency from people who want to damage it.
sr. member
Activity: 812
Merit: 251
November 15, 2018, 04:29:17 AM
Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari

this is really great news! But don't you have other links that we can about this updates so we can verify of how true it is. Though, I knew Japan

is one of the Crytpo enthusiast country who regulated bitcoin as their secondary digital currency so wonder why they are doing it now.
member
Activity: 456
Merit: 15
November 15, 2018, 03:32:20 AM
This must be good news. Japan’s attitude towards cryptocurrency is positive. This behavior is to prevent the cryptocurrency from being abused and causing damage to the economic system. This is a wise move. When people gradually limit the shortcomings of Bitcoin, the cryptocurrency market will skyrocket.
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