Good news or bad news... - page 14. | Bitcointalksearch.org

Lyne01

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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 a good news for Japanese people. Japanese government are doing their plans and preparing for the betterment of their country and their people. Protectiom agianst money laundering, fraud and other illegal activities is good news for them.

CuteBaby123

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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 certainly a good news for the citizens of Japan. I appreciate their government for accepting the idea of bitcoin and integrating it in their economic and financial plans. There is no greater news if they are just giving regulations to protect their people against any fraud.

Jeepney_koh

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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

I think this is a good news for Japan's government because they are pareparing for a greater service and for protection of their people against sacm and laundering. As long as they are adapting the bitcoin's good intention, it will still a good news.

Kolly

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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

30 million yen is less than 300K when converted to US dollars. Government of Japan is mindful enough to consider the transfer of digital money can be used for illegal activities like money laundering. Good news for a lot of people but bad news for money launderers.

wuvdoll

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Quote from: Abuloool123 on April 05, 2018, 04:47:14 AM

Hello, I found your post interesting can you please provide us with the link of your news? I could not find it online.

A link will actually be very appropriate to be able to read the full news because everything the OP has placed here is not really adding up. Considering I can decide to do without an exchange if I wish, if I am doing a foreign transfer, how does the government plan to monitor all these ?

Everything here from my own thought will only be limited to the use of exchanges, and it is not really a bad news as far as I am concerned, since at least it would help out in the case of money laundering. I guess we are welcome to the world of regulation.

NoNetwork

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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 has two parts:

Good News:
Its a good news to them. I mean it was really their desire to take over cryptocurrency since day one. When they knew that they will not gain economic-wise from this platform, they immediately come up with a solution and that is by regulation. But now this? They're taking this too far, talk about propaganda of some sort.

Bad News:
Maybe. I said it because, what if this could lessen or even eliminate the number of ICOs that tends to being a scam. I mean there are a lot of ICOs lately that are scams (one of the reasons why some countries ban cryptos and ICOs). But then again, its a bad news, because another thing that they regulate is the ability for people to share their ICO.

crisanto01

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Quote from: petorosconk on April 07, 2018, 12:12:33 PM

I think this is good news because it will reduce money laundering in the country of japan, may the economy there also improved and bring good impact on crypto

On the other hand it has a positive side, right? Just keep supporting your government as they know the truth and what is best in one country so if they have said that we need to control the price or the value of one thing they can do it.

petorosconk

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I think this is good news because it will reduce money laundering in the country of japan, may the economy there also improved and bring good impact on crypto

lili song

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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

For me is good news. Japan want prepare the rules for their future and to protect money laundry operations.
Japan country already legalized bitcoin, they know bitcoin in the future will grow and bitcoin can help them to do transactions for the industry.
I hope Japan can be sample for others country about bitcoin

Betwrong

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Of course this is a good news. The Japan's Ministry of Finance is going to take steps to ensure cryptocurrency transactions equivalent to more than 30,000,000 JPY (roughly 280,000 USD) were reported to officials if they are cross-border transactions. Steps like this can prevent associating BTC with money laundering, while we, regular users, will not suffer from this since we don't have such big amounts. Although I support free market and I hate when government intervenes in the privacy of small businesses, I think large size money laundering should be prevented because mostly it involves money stolen from working people.

Pattberry

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Quote from: raidarksword on April 05, 2018, 05:01:11 AM

Definitely a good news, it shows japan's government really supported and adapted bitcoin into their economy. It's good to put strict law to prevent money laundering that benefits their people and their economy.

I am not sure about the term money laundering being used when it comes to this market, the people dealing with illegal funds will always find a new way to do those activities and i hope it wont affect the free nature of the market, having restrictions on the movement of funds will cause disruption, i am waiting to see how the major economies are taking a stand on this market.

justdimin

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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

I cannot say if it is a bad news or good news, but one thing is that they are doing it for a good cause which is to curb money laundering. However, when they are saying cross-border transfer, does this mean if I am planning to exchange making use of the exchange platform, because the last time I checked it was this main reason cryptocurrency came into play, where I can send bitcoin from wallet to wallet without any issue ?

I can also decide to find a way to buy bitcoin over the counter as the case may be unless that has been banned in Japan though, but in general, what happened to P2P transaction that would make the whole process easy for the government. Or am I missing something out here ?

Nylelyn

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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

Looking forward to the implementation of this plan of Japan government to regulate bitcoin transfer. It will have positive effect on bitcoin since negative comments will be minimize and it will boost bitcoin more. It also means that Japan trust that bitcoin will prevail and will be part of the lives of the Japanese and their economy.

kramchers

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Another fine news for the crypto community,
This will prevent money laundering and for the crypto world this is better than nothing,
i love those countries to regulate the bitcoin and other coins than pushing it into a ban.

joromz1226

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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

It is indeed a good news actually, because Japan want to prevent money laundering actually. This is where most of nation trying to resolve this things but it continuously happened. So in digital world or bitcoin world Japan don't want this things to be happen that's why they're doing this things.

vaughn125

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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

Hmm.. Pretty interesting news but not that shocking. Come on guys, I'm pretty sure that most of us obviously have seen this coming. This was already bound to happen and is the only way to go for us to achieve mass adoption. Although I cannot say whether for me it is a good news or not since it has a couple of pros and cons with it, I can say that it will cause a lot of fuzz in the crypto industry and the fiat industry since cryptos are not that well known yet by most of this world's population. I just hope that the pros will outweigh all the cons in the near future.

Sidiq SP

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I believe the decision of the Japanese finance ministry to bring a positive influence to kususnya Japanese citizens, because of the limits and in the presence of these rules will minimize negative actions, especially in terms of digital money, such as money laundering is currently very detrimental to us all, that's the opinion I am about this

Tan_avia)vl.

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If that's true, it's good news. I believe that Kriptorynok should be regulated, not banned. Japan is a very developed country, it is always ahead of the whole planet in the field of technology. They will show the world that it is better to regulate and develop kriptorynok than to escape from it and close.

efxtrader

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Quote from: BITCOIN_GOD on April 05, 2018, 04:46:19 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

From my opinion, there is something positive from that policy. That policy can avoid from criminal action like money laundrying and for goverment, that policy can prevent from massive outflow capital.

SirLancelot

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Quote from: umar22pk on April 06, 2018, 04:06:24 AM

It’s a good news will encourage the liquidity of Crypto currency; Japan is a crypto friendly country have number of good crypto currency exchanges.

I think it is not only good news but it will knock other countries & in near future other countries will also take step to involve crypto currency into their economy.

At the present moment, it is only Japan that is understanding the future of digital currencies. Those people are well aware of the fact that with time, everything changes and in order to survive, those changes are supposed to be adopted. The quicker someone accepts them the easier his survivor becomes. Digital currencies are going to replace our traditional money methods.

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