Japan is usually pretty restrictive in nature,just look at how many people they allow to settle there or the food restriction in trade.
If anything bitcoin will be stifled with Japanese regulations.
Topic: Japan Considers Regulating Bitcoin as Currency - page 3. (Read 2949 times)
This is good news. A push forward in the right direction!
that's really nice. if an advanced country like Japan accepts bitcoin as money, the other countries will probably follow it's stepfoot. however, hope bitcoin will be mainstream
It´s only natural that this is happening. Satoshi Nakamoto the inventor of bitcoin is from Japan. Of course it would be easier to have an influence like this on his own country.
Where are you getting this information from? Satoshi Nakamoto is a pseudonym and nobody knows where he or she or they are from. I can also grab a fake name from a movie or a story book and
nobody will be able to track my origin based on that. Satoshi, might even have chosen that name, to redirect their search and confuse the people looking for him. {For this discussion, I will refer to him
as a man} Japan can claim nothing based on the name Satoshi chose... It's just a name.
A country will never use BTC only currency unless its real money would inflate down to - 10000% ..
Venezuela is getting close - inflation there of 720% (I kid you not).
But they are reacting with force against those who use BTC (miners being arrested etc).
I am afraid if Japan is serious in doing this,would hamper the growth of bitcoin. By regulationg bitcoin, means they want to control bitcoin in thier country? I think its a wrong move but, maybe they know more than us.
If this thing is real then there are a lot to be considered before taking the next step.
The first question could be: Will the people accept it? Can they adapt through it or they are too lazy to know what it is?
Risk and maybe some good news can be seen but it will be hard.
The first question could be: Will the people accept it? Can they adapt through it or they are too lazy to know what it is?
Risk and maybe some good news can be seen but it will be hard.
If such regulations comes to reality. Large number of users can be found over the regions of japan too. So as China make changes in market price of bitcoin, japan too will make fluctuation with its increased users.
It´s only natural that this is happening. Satoshi Nakamoto the inventor of bitcoin is from Japan. Of course it would be easier to have an influence like this on his own country.
This is good for BTC as japan is one of the smart people.
duh
of course Japan recognizes Bitcoin as cryptocurrency
it was invented by a Nakamoto
of course Japan recognizes Bitcoin as cryptocurrency
it was invented by a Nakamoto
But Nakamoto is American or British
in his forum posts he had perfect english typical to a native speaker. might have been a Japanese American though
A country will never use BTC only currency unless its real money would inflate down to - 10000% ..
Anyway Japan is a hi-tech country and maybe BTC will spread faster there than anywhere else.
Anyway Japan is a hi-tech country and maybe BTC will spread faster there than anywhere else.
Its good that Japan wants to see Bitcoin as a normal currency, we need a first country that recognizes it as money. Some users are afraid about after that exchanges could be asked for licenses, but after MtGox, Cryptsy... I don't expect that bitcoin were regulated by governments, but could be good that exchanges need some regulation to be more secure for new bitcoin users.
It fits that Japan would be first to recognize it as money. I will be interested to see how this process works, other countries could follow leading to more adoption. Good news.
Its good that Japan wants to see Bitcoin as a normal currency, we need a first country that recognizes it as money. Some users are afraid about after that exchanges could be asked for licenses, but after MtGox, Cryptsy... I don't expect that bitcoin were regulated by governments, but could be good that exchanges need some regulation to be more secure for new bitcoin users.
duh
of course Japan recognizes Bitcoin as cryptocurrency
it was invented by a Nakamoto
of course Japan recognizes Bitcoin as cryptocurrency
it was invented by a Nakamoto
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WRONG WAY AHEAD.
Bitcoin can not be regulate ... at all.
It is good or bad at the same time. Recognizing bitcoin as 'normal' currency is great move. But you have to realize that will mean subjecting them to tighter oversight.
It will mean consumer protection at the cost of restrictions and maybe harsh laws. Are we ready for bitcoin licensing?
It will mean consumer protection at the cost of restrictions and maybe harsh laws. Are we ready for bitcoin licensing?
But can they license it? I mean, this is the best part of bitcoin. No one can control it.
It is good and bad at the same time. Recognizing bitcoin as 'normal' currency is great move. But you have to realize that will mean subjecting them to tighter oversight.
It will mean consumer protection at the cost of restrictions and maybe harsh laws. Are we ready for bitcoin licensing?
It will mean consumer protection at the cost of restrictions and maybe harsh laws. Are we ready for bitcoin licensing?
It is a great information if its is true since it will be the beginning of a new era and bitcoin will be accepted by other countries as well in near future. Hope for the best and pray it may come true very soon.
basically calling them "assets"
so like other assets which by definition are a form of currency, but that does not mean that its treated the same as FIAT.
Quote
They are now recognized as objects but are not treated on a par with their more established counterparts.
so like other assets which by definition are a form of currency, but that does not mean that its treated the same as FIAT.
then they are not understanding what bitcoin really easy, and it is not only an asset for speculation, but an instrument of payment principally...
the blockchain is the instrument of payment. the protocol linked to satoshis genesis block is the instrument of payment. but bitcoin is becoming the term to use for the units/tokens. not the protocol.
EG
"bitcoins blockchain" can be compared analogically as visa america
bitcoin can be compared analogically as dollar
"litecoins blockchain" can be compared analogically as visa europe
litecoin can be compared analogically as euro
thats why "blockchain" buzzword is becoming a thing.. not only because its a better term than 'cryptocurrency' but it also helps define what people are talking about when they use the word 'bitcoin' as its not good to call the token, the ledger database and the protocol code, just bitcoin.
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