Japan to Call for Crypto Rules at the G20 Summit

1NV3ST0NM3

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Quote from: pxo.011 on March 15, 2018, 02:18:03 AM

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/

Well Japan has been quite active in taking cryptos worldwide. They want that everyone should use cryptos but ofcourse with rules and regulation. They don't want any bans on cryptos and want it to be accepted as a legal tender. However G20 until now has been a bit varied with their opinion as what they want is to either let it roam freely or to completely bring in stingent measures to curb use of cryptos. i have not seen many countries sharing opinions with Japan.

lamadu3

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Quote from: pxo.011 on March 15, 2018, 02:18:03 AM

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/

Japan is one of the most advanced countries in the field of digital money. Therefore their initiative for me is quite understandable. I hope the efforts of the heads of states will be successful.

sunniechance3

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Quote from: pleght on March 22, 2018, 03:19:39 PM

No bad news for crypto money at the g20 summit.İt is already the cause of the increase in the market is not the bad news of the G20.

For the while, you can't say news is good or bad. I think countries have decided to bring out regulations for crypto currency, now these regulations will decide its future. Also, every country has its own point of view in the financial matter but for the while things seems to be good. Market is flourishing again and suggest a good up track in the coming days.

joebrook

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Quote from: pleght on March 22, 2018, 03:19:39 PM

No bad news for crypto money at the g20 summit.İt is already the cause of the increase in the market is not the bad news of the G20.

With the regulations the countries want to implement it means that we are going to lose the features that made bitcoins attractive in the first place. People will not be able to make purchase anonymously since they will be required to provide every details concerning to the exchanges who in turn will give to the governments.

ikipiye

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whether this is the right thing to do, I want to know about the application of global rules about crypto as what will happen. because it involves global regulation, so all countries will accept the rule.

pleght

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No bad news for crypto money at the g20 summit.İt is already the cause of the increase in the market is not the bad news of the G20.

Razick

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Rules for cryptocurrency will be good as it will help to eliminate the possibility of a few people swaying the entire market to their favor. I don't know if anyone else has noticed but with cryptocurrency, insider trading will be much easier and harder to trace because there are no rules governing the market which basically means that anything goes. I just want them to accept cryptocurrencies, I don't mind rules.

andreijoaquin

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Quote from: pxo.011 on March 15, 2018, 02:18:03 AM

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/

Japan has always been very supportive with bitcoin and its really not surprising if they will push such adoption, besides cryptos has a really positive future that can help the economy to grow even better. I hope Japan will get the majority to support cryptos and help it to appreciate even better.

sindikat

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Quote from: redsap on March 22, 2018, 01:05:44 PM

ah thanks god, for the good news
it realy nice when bitcoin is out of spreading with a good news
and when we comfort with a stabilze price, so much can we do with bitcoin when it come more normal

What good did you see in this news? You are told that you will be restricted in your freedom around the world. That's bad news for me. Governments want to subjugate the cryptocurrency. Do you see what happened to Fiat who lives by the rules of government? Do you want the same thing to happen with cryptocurrencies?

Biscutard

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Quote from: googs84 on March 15, 2018, 09:32:16 AM

Quote from: pxo.011 on March 15, 2018, 02:18:03 AM

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/

That's another news to make people worried about the bitcoin and its future that too in the world where they are already suffering badly from the big drops. However this summit can either bring good news if they decide to accept the crypto currency conept or at least the way it works. If they decide to regulate it and make it more centralised then also it will be good news because at least people like Gox won't interfere with mass adoption of the bitcoin and the process will be more regulated thus making the bitcoin buys and sells very much controlled.

Let them handle this and we will see what's the result besides we can't do anything about it since we are only traders but we can do something about it if we found out that the result is not yet acceptable.

redsap

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ah thanks god, for the good news
it realy nice when bitcoin is out of spreading with a good news
and when we comfort with a stabilze price, so much can we do with bitcoin when it come more normal

realBitcoiner

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Quote from: Dreamchaser21 on March 15, 2018, 02:56:25 AM

We cannot so sure about this news, and we cannot say if something good will happen but of course we want this kind of news to be true. Japan is one of the best place to use cryptocurrency, and this can also have a good impact on cryptomarket, I believe cryptocurrency will play a great role in our currency.

Japan has been in the forefront so far and from the look of things and how stuffs have turned out for them, I am sure they already know the impact it is going to be having positively and that is what is going to be pushed out to the other countries anyway. I am sure this is just the start and from the outcome of the meeting which I believe is going to be positive, it should usher in a new era for the world of cryptocurrency.

v0rtecxz

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I am impressed with the japanese state, the country is fastest in accepting new technology, and the country is trying to introduce to other countries how to receive bitcoin with some rules they make so they can continue to closely monitor the use of bitcoin, I hope other countries can accept bitcoin as well as Japan,
quotes
"the trick will be to make sure to protect consumers and prevent illicit activity, without stifling innovation in the fast-growing cryptocurrency and fintech sectors".

Aqua Man

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Quote from: pxo.011 on March 15, 2018, 02:18:03 AM

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/

THis is very interesting. what kind of regulation they will apply and will there be 'crypto tax havens' in the future

Kevin77

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Quote from: pxo.011 on March 15, 2018, 02:18:03 AM

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/

Well, as a reason to just move ahead generally, I would say it is not bad but for the fact that regulation is becoming a thing we have to just accept, I would just say we do not have any choice and I hope it does not end up with the governments trying to frustrate everything. However, it is a good thing and at least for us to just move on once and for all without the government breathing down our neck and raising FUDs, this would make some sense.

At least from what Japan has been able to achieve in a period of few months of regulation, I am sure they will have a lot to tender on why it would be a welcome development if they all embrace it rather than trying to fight it. Japan has taken the bold step already, and it is left for others to follow. I know a lot have been a bit skeptical with regulations, but at this stage, it is more like regulation or nothing and at least regulation will create more awareness.

dothebeats

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Though the Japanese government has been perfectly fine with cryptocurrencies flourishing within their country, I doubt that the vote would unanimously be favoring crypto all throughout. The main talks would be about AML and KYC regulations, and it could stem out different other regulations that the participating representatives could think of, which could be beneficial for the users or would just disappoint us in the end. I hope the Japs would do their best to bring out fair regulations and present it nicely without the other countries nosing in for unfair taxation on crypto users' end. Whatever the result of the summit is, we'll learn in the next coming weeks.

pitiflin

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Quote from: pxo.011 on March 15, 2018, 02:18:03 AM

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/

This might make things for the better part of this year. Maybe not. It's a summit, things can go both ways. No one knows how finance ministers think about cryptocurrencies, if you really believe in media you're a bonehead. Global rules on cryptocurrencies, boy I cannot stop laughing. You seriously think countries would come together and implement these supposed rules on cryptocurrencies? You really think there's enough peace in this world for that? Lmfao.

richardsNY

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Japan has been the perfect example of how countries should regulate the crypto market, and not see it as a threat, because it only becomes a threat once governments ignore how powerful crypto in its entirety is. I am sure that if they allow crypto to grow further naturally, but of course regulate the market in a fair and sustainable way, it will be beneficial to each and every party involved. I however am of believe that the majority of the crypto currencies will be outlawed at some point, and this is a great thing. It will only leave us with the top currencies, and knock off the 99% of the redundant crap coins that don't contribute to anything of useful nature. It's going to happen.

Tabanta

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Probably good news. Japan is one of the most modern countries in the world, I dont think they are opposed to cryptos.

Kate Beckett

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The main reason, which is voiced by the Japanese, is the fight against money laundering when using crypto currency. I think that in this regard, the call by Japan for the leaders of the G-20 to adopt general rules on crypto-currency is a positive news. However, we must not forget that each country pursues its own personal interests. This solution can be beneficial for the Japanese, as a way of regulating crypto-currency using a generally accepted solution.

Topic: Japan to Call for Crypto Rules at the G20 Summit (Read 312 times)