Topic: Japan Considers Regulating Bitcoin as Currency - page 4. (Read 2949 times)
This regulation will hit the Japanese exchanges the most because they will need to obtain a license from the government to continue operation. Anyway Japan is a forward-thinking nation they will figure this out no worries
As long as they don't consider it to be illegal, then it's not necessarily all bad. In what ways are they going to regulate?
It seems that they would try to tighten it's freedom in order to increase the security of it among users there and most affected one's would be those exchanges that operate there in Japan and normal people as well. Although what their trying to do is for safety purposes, I'm afraid their going to mess the whole situation even further up by getting involved directly.
So if I am understanding this correctly?
They will remove their current currency and use bitcoin as the standard?
Or will they just accept bitcoin as a alternative currency?
And provide a safe place for people in japan to trade bitcoins?
They will remove their current currency and use bitcoin as the standard?
Or will they just accept bitcoin as a alternative currency?
And provide a safe place for people in japan to trade bitcoins?
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...
It was to be expected after the Mt Gox fiasco and the prevention of further bad press for the country. Like they say, " Under the FSA's proposed definition, virtual
currencies must serve as a medium of exchange, meaning that they can be used to purchase goods and services. " Regulation would help to protect the consumer,
but it would also stifle innovation, if it is too strict and expensive. {Example BitLicense New York}
currencies must serve as a medium of exchange, meaning that they can be used to purchase goods and services. " Regulation would help to protect the consumer,
but it would also stifle innovation, if it is too strict and expensive. {Example BitLicense New York}
I think this is the start if journey for the recognition of bitcoins by governments. I feel I'd others follow suit then things will look brilliant
Do they have the permission from Satoshi Nakamoto?
haha i think they certainly have permission from satoshi lol
Do they have the permission from Satoshi Nakamoto?
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.
Of course they won't par bitcoin with their YEN because YEN is still strong.
But, a step is better than nothing.
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
Maybe they will be proud of bitcoin because bitcoin was created by Japanese
Not only Japan! "Hopes are high for the currencies as both investment targets and low-cost methods of payment. Monetary authorities worldwide are setting out to regulate the technology, starting with measures to prevent money laundering and other illicit activity."
I'm so excited about all this! I feel like living a true revolution!!
I'm so excited about all this! I feel like living a true revolution!!
Already Japan has a positive response towards bitcoin. Recently got a news about the issuing of their own digital currency. Even if this happens soon bitcoin would get a good recognition in other countries too.
Bitcoin being place in headlines is great especially in a country where most people are busy working their ass off. Not sure though what other crazy ideas will Japanese do with Bitcoin if it becomes a native currency.
it was invented by a Nakamoto
Who could be a John Doe or Joe Smith in real life, for what we know.Exactly, he/they could be actually from any part of the world.
Already Japan has a positive response towards bitcoin. Recently got a news about the issuing of their own digital currency. Even if this happens soon bitcoin would get a good recognition in other countries too.
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.
I wonder what influence that would/will have on Mt Gox? If all of a sudden they didn't steal out crypto, rather they took our money, that would surely increase the severity of any punishments doled out, as well as possibly increasing the final payout to those who were stolen from.
I bet they don't back date it, or take into account Mt Gox though. Still good that Japan is moving the right direction, or is it that they can charge a negative interest rate on it if it is real money?!
Japanese people are brilliant, not using bitcoin would proof that they are not that smart after all .
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