Topic: Japan considers making bitcoin a legal currency - page 2. (Read 3285 times)
i have no idea about it, but if it is so i think that it will be just in japan only. if they are going to legalize it in their own country its not a bad news. i think through this way they will open shops where people will legally use bitcoin and will do trading in bitcoin currency.
That is a good thing but also a normal thing in Japan because Bitcoin started in Asia I believe and for it to be legalized is a good thing. But the thing I do not understand is that Bitcoin is already legal how are they going to make it more legal?
Respect Japan!
That would be cool if Japan would consider bitcoin and other cryptocurrency as a real currency, but I hope they won't intervene in its process right now and how it run, I think government wants to regulate it and put taxes in it..
Japan is used to make a change. Legalizing Bitcoin is no weird thing.I hope aswell that Japan will not intervene bitcoin growth.
That would be cool if Japan would consider bitcoin and other cryptocurrency as a real currency, but I hope they won't intervene in its process right now and how it run, I think government wants to regulate it and put taxes in it..
Japan is a country with a good reputation. I hope other countries in the region will follow and grap this chance to make it legal too. This way other maybe western countries
will follow which will give bitcoin an enormous boost.
That would be cool if Japan would consider bitcoin and other cryptocurrency as a real currency, but I hope they won't intervene in its process right now and how it run, I think government wants to regulate it and put taxes in it..
wow. great Japan. they're always awesome in tech.
I'm wondering what will other countries do? maybe some of big countries will follow Japan stepfoot.
I'm wondering what will other countries do? maybe some of big countries will follow Japan stepfoot.
This would b a great step. Having a rich country trusting bitcoin enough to embed it in their financial system is great.
You can say it is the first step towards getting mainstream.
You can say it is the first step towards getting mainstream.
I'm curious as how that would work. You would choose at the cashier how to pay? With yen or bitcoin?
That reminds me, any news regarding Mt. Gox and mr. Kapeles ?
This would b a great step. Having a rich country trusting bitcoin enough to embed it in their financial system is great.
You can say it is the first step towards getting mainstream.
You can say it is the first step towards getting mainstream.
Cryptocurrencies aren't meant to be a national currency. it may never happen to any country that give importance to history like japan. Fiat money and important persons are in the fiat papers, would you want some Japanese emperor be on the bitcoin's logo?
You know Japan 
They love to adopt and create a new technologies and test them out
If Bitcoin does work as national currency then other nation will try to adopt it too
If it's not then it will stay as Crpytocurreny as it is now
Let Japan test it and see how things turns out
I know Japan, I'm Asian. They love technology and so are the Chinese.
If the government allow such, they'd have to make it centralized and will certainly defeats the purpose of cryptocurrencies being governed by no one.
if theres one country that would want to try this out the first, it should have been done by the Chinese but not.
Just another way to tax the people.
Yes thats right but still bitcoin taxes or fees are small amount only compared to all fiat like dollars, and japanese currency.
Bitcoin is build to eliminate those.
Just another way to tax the people.
Maybe you are right but don't forget that legalizing Bitcoin may entice more people who were skeptical about Bitcoin to use it and thus increasing its adoption.
That could be so but I don't think we'll see real laws adopting Bitcoins anytime soon
Bitcoin could be a good currency, but you'll have to also factor in the fact that it is untraceable and that criminals use it. It really won't cause anti tax, but since it is untraceable, taxing will be... i dont even know.. Difficult, if it is at all possible.
I'd use it if I were japanese, and I really dont see a problem with bitcoin being a currency.
I'd use it if I were japanese, and I really dont see a problem with bitcoin being a currency.
Just another way to tax the people.
Maybe you are right but don't forget that legalizing Bitcoin may entice more people who were skeptical about Bitcoin to use it and thus increasing its adoption.
Japan’s governing Liberal Democratic party is planning to propose legal changes that would define bitcoin and other cryptocurrencies as currencies.
That might take the price to some higher value and many businesses to be shifted in Japan.The changes would mean bitcoin could be more tightly regulated and taxed, and are likely to lead to more investment in developing cryptocurrency infrastructure in Japan.
I don't think that could happen cause bitcoin is anti taxes or a private software and the taxes would be only applicable if people are converting it to fiat's and it would be confusing in any case.
Just another way to tax the people.
I'm not surprised when Japan is adapting new things.
Hey, it's a smart move for Japan to accept cryptocurrency in their nation.
Hey, it's a smart move for Japan to accept cryptocurrency in their nation.
Title of the article is rather misleading, for normal bystanders it seems that bitcoin is now illegal or something and it will be legalized soon.
I am wondering what exactly japan bitcoin laws will be and if they will gonna regulate bitcoin with something like BitLicense.
I don't think that Bitcoin was ever banned in Japan. There is really no reason for Japan to make Bitcoin illegal. Satoshi sounds like a Japanese name to me.I am wondering what exactly japan bitcoin laws will be and if they will gonna regulate bitcoin with something like BitLicense.
Or maybe some sort of acronym of the group who made Bitcoin
I wouldn't be surprised if Satoshi is not Japanese
Cryptocurrencies aren't meant to be a national currency. it may never happen to any country that give importance to history like japan. Fiat money and important persons are in the fiat papers, would you want some Japanese emperor be on the bitcoin's logo?
I think a folk can and will decide itself what kind of currency it will use if it's own government messes it up.
And furthermore as Bitcoin being a borderless and transnational form of money it can be used everywhere.And if a government or society agrees that this is the way they wanna go and use it as official legal national tender it will happen.
This won't hinder other countries to do the same with the same money!
Bitcoin would not be a currency of one certain state, it would be a currency for several states!
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