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Topic: Good news or bad news... - page 15. (Read 3349 times)

newbie
Activity: 84
Merit: 0
April 07, 2018, 07:45:52 AM
#48
Large money transfers can always be divided into many small transfers. You do not have any reports.
jr. member
Activity: 173
Merit: 4
April 07, 2018, 07:43:46 AM
#47
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
Having a set policy over digital currencies is actually a good sign that adaptation of cryptos is being supported by the government. Some countries might be preparing their market and will soon embrace digital currencies. For me it is a good news and a sign that cryptos will go far and that we will be having a good market in the future.
newbie
Activity: 30
Merit: 0
April 07, 2018, 07:38:09 AM
#46
I think it's a good policy for the Japanese government to deal with money laundering cases. Because Japan is a country that treats bitcoin, a digital currency (cryptocurrency) is like a typical currency. The legality, then drives the use of bitcoin as the underlying asset (base assets) of bonds.
member
Activity: 282
Merit: 11
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
April 07, 2018, 07:35:43 AM
#45
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 the investors that  new for this kind of income its a good news because they started to inveat an altcoin with a low price.And if someday it will rise again,wow they can achieve a highest rate of an income.
member
Activity: 516
Merit: 38
April 07, 2018, 07:00:54 AM
#44
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

Japan is the nation that gives good news mostly in cryto world. that is the reason I join this business. if only no nation is friendly to crypto, I would not join this business, because crypto would be doubted as a safe investment.
There are countries like that of japan who are taking very much serious interest in bitcoin and other crypto currencies and that their governments have taken lot of positive steps to promote bitcoin and to regulate them in their country. This is no doubt a very good news and that this will surely bring lot of positivity in the minds of the people and that people will then invest more money into it.
legendary
Activity: 1232
Merit: 1091
April 06, 2018, 02:12:54 PM
#43
Japan is the nation that gives good news mostly in cryto world. that is the reason I join this business. if only no nation is friendly to crypto, I would not join this business, because crypto would be doubted as a safe investment.

So you let the authorities decide for you what's 'safe' and what isn't? Pretty much explains why the majority of the people will remain a slave of this system for ever. You don't need the authorities to find and understand things that will bring you further in life. Bitcoin or basically crypto in its entirety allows YOU to be your own authority, which is something people don't realize yet. They will at some later point, but that will likely be close to the moment it will be too late to act. That exact aspect gives people the motivation/incentive to hold their coins through each and every market situation. I wish I found out about Bitcoin sooner, but at least I managed to get in somewhat early enough. Even today's buyers will later on be considered early birds....
sr. member
Activity: 630
Merit: 250
April 06, 2018, 01:23:19 PM
#42
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

Japan is the nation that gives good news mostly in cryto world. that is the reason I join this business. if only no nation is friendly to crypto, I would not join this business, because crypto would be doubted as a safe investment.
copper member
Activity: 1526
Merit: 2890
April 06, 2018, 07:36:50 AM
#41
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

Can you please provide the link to the news? I have tried to google it but did not find any credible source except one news here https://asia.nikkei.com.

First thing I don't think this is possible. Essence of Bitcoin or any crypto currency lies in the border-less transactions. There is no way to find out if the transaction happening withing country or outside.

As per news is concerned I guess that would apply to local bank or country specific exchanges only. It could effect only when people try to buy or cash out crypto currency to fiat. Japan ministry can define rules for such transaction only.
I guess its already happening every exchange have set of certain rules for AML. Japan probably can make it standard for all exchanges and banks.
newbie
Activity: 32
Merit: 0
April 06, 2018, 07:29:53 AM
#40
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
Good  news for the crypto worlds. Because they going to used to it the bitcoins it self and it will be turning into more investors and be popular in the future. For giving such a laws or restricted a good sign to prevent abusing of this transaction and limiting the circumtances. It a good sign that they will adapting this crypto-currency. Hope other countries as well.

If you have a link please provide. Because your post is summarize of the articles. Btw thanks for sharing this.
I also hope my country is also adopting the existing technology in crypto that makes everything transparent and can reduce corruption or illegal transactions, I also hope crypto recognized by my country
member
Activity: 252
Merit: 14
April 06, 2018, 07:10:45 AM
#39
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
Good  news for the crypto worlds. Because they going to used to it the bitcoins it self and it will be turning into more investors and be popular in the future. For giving such a laws or restricted a good sign to prevent abusing of this transaction and limiting the circumtances. It a good sign that they will adapting this crypto-currency. Hope other countries as well.

If you have a link please provide. Because your post is summarize of the articles. Btw thanks for sharing this.
member
Activity: 378
Merit: 10
April 06, 2018, 07:06:47 AM
#38
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
Thank you for sharing. I like the way how Japan making a rules about the cryptocurrency as this will prevent the illegal money transfer being use by the criminals that hiding their funds in digital currency. I hope that more country will follow on what Japan did.
member
Activity: 264
Merit: 10
April 06, 2018, 06:57:13 AM
#37
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.
Yeah youre right.I hope not only the country of Japan will be supported by crypto currency but also the whole world so that we will continue our income for this kind of crypto currency.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
April 06, 2018, 06:41:32 AM
#36
Its good news though since its just passing a message. What is surprising is that thinking someone who wants to launder money would have to go through the stress of reporting such info. In most countries today, you the rule is that you cannot travel out with an equivalent of $10000 with reporting it and when you do, you are allowed without any encumbrance but that law is only applicable to those who have legit reasons to hold that kind of money. Its not news that people circumvent the rule with the connivance of those saddled with the responsible of enforcing the regulation where people find corrupt individuals and move any amount they wanted to. Others hide under diplomatic privileges.

Now in the case of crypto how exactly do they want to enforce it? By checking my phones, tracking all of my private keys to know how much is there, all of this policies are just for cosmetic purposes as I don't see any practicability of ensuring it.

It's the same as debit and credit cards.
Nobody is checking your balance when you travel in and out.

In my case I can easily leave the EU with  100 000 euros on my card but not with 100 x 500 notes. Actually lately there is a madness at some borders if you have only one, don't know what the f word is wrong with people but existing Greece with one of those I had them looking at me like Osama bit Coin.

Searching bitcoin wallets would be insane as you can send them in a flash to anywhere.
Even if they check your wallet, you can create a scheduled transaction and you're going to receive the coins once you step on the plane.

They are targeting people who would try to send money anonymously out of the country to god knows what place.
But again, I fail to see how they are going to track them down.
member
Activity: 210
Merit: 10
The revolutionary trading ecosystem
April 06, 2018, 06:21:13 AM
#35
This is definitely good news for us. Bad news to people who are using it for illegal transactions.
full member
Activity: 420
Merit: 100
CAT.EX Exchange
April 06, 2018, 05:59:43 AM
#34
of course this is good news japan very serious in regulating the cryptocurrency shift. this is positive news for bitcoin because with this news the image that bitcoin is a tool used for money laundering will disappear. and will more and more people believe with bitcoin.bitcoin is the future global currency.
full member
Activity: 370
Merit: 100
April 06, 2018, 05:42:36 AM
#33
This emphatically sounds very much good to hear because money Laundry cubing and above all total Japanese support for on line Currencies where Bitcoin is non exclusive shall pave a great way into luring so many peolpe and especially the investors both old and new to patronize the more this Cryptos, which however is constantly meeting up with Cryptos future objetives wright from the  moment.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
April 06, 2018, 05:05:25 AM
#32
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

Wow good to hear though but can you drop a link so I can see it , and now little by little the crypto currency are now regocnizing though , so yes it is a good news looking for further good news.
full member
Activity: 602
Merit: 100
April 06, 2018, 04:06:24 AM
#31
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.
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
April 06, 2018, 03:36:50 AM
#30
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

Its good news though since its just passing a message. What is surprising is that thinking someone who wants to launder money would have to go through the stress of reporting such info. In most countries today, you the rule is that you cannot travel out with an equivalent of $10000 with reporting it and when you do, you are allowed without any encumbrance but that law is only applicable to those who have legit reasons to hold that kind of money. Its not news that people circumvent the rule with the connivance of those saddled with the responsible of enforcing the regulation where people find corrupt individuals and move any amount they wanted to. Others hide under diplomatic privileges.

Now in the case of crypto how exactly do they want to enforce it? By checking my phones, tracking all of my private keys to know how much is there, all of this policies are just for cosmetic purposes as I don't see any practicability of ensuring it.



As long as we have green signal to use crypto currencies, its really good and welcomed though there will be rules on set threshold to follow on transferring. Let any country make their own rules after adapting bitcoin and other crypto currencies. This would be certainly needed as the countries economy would have its own rules and would find negotiation when adapting bitcoin into its country.
hero member
Activity: 1330
Merit: 569
April 06, 2018, 02:46:56 AM
#29
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

Its good news though since its just passing a message. What is surprising is that thinking someone who wants to launder money would have to go through the stress of reporting such info. In most countries today, you the rule is that you cannot travel out with an equivalent of $10000 with reporting it and when you do, you are allowed without any encumbrance but that law is only applicable to those who have legit reasons to hold that kind of money. Its not news that people circumvent the rule with the connivance of those saddled with the responsible of enforcing the regulation where people find corrupt individuals and move any amount they wanted to. Others hide under diplomatic privileges.

Now in the case of crypto how exactly do they want to enforce it? By checking my phones, tracking all of my private keys to know how much is there, all of this policies are just for cosmetic purposes as I don't see any practicability of ensuring it.
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