Topic: the japanese bitlicense, way worse than the NY version. - page 2. (Read 1279 times)
Last time I heard about Bitcoin in Japan people were saying that it was going to be authorised to businesses, it was very popular. It seems it is not much the case here. Anyway, with such a license I think not much will be tempted by the adventure.
so bitcoin will soon be a legal currency in japan. the only problem is that their version of the bitlicense is even more of a monster than the new york version.
https://bitconnect.co/bitcoin-news/434/japan-creates-bitlicense-and-becomes-a-legal-currency/
according to this it's gonna cost $300-500,000 per application plus millions in ongoing compliance. alts will need to be approved and on the list or they won't be permitted to be sold to the public. on top of that it also applies to non custodial businesses too.
there was never really much of a crypto scene in japan anyway, but this don't look like it's going to break out after something this onerous. thanks, mtgox.
https://bitconnect.co/bitcoin-news/434/japan-creates-bitlicense-and-becomes-a-legal-currency/
according to this it's gonna cost $300-500,000 per application plus millions in ongoing compliance. alts will need to be approved and on the list or they won't be permitted to be sold to the public. on top of that it also applies to non custodial businesses too.
there was never really much of a crypto scene in japan anyway, but this don't look like it's going to break out after something this onerous. thanks, mtgox.
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