TRON has announced that the DApps platform will comply with Japanese law

Kevin77

legendary

Activity: 1652

Merit: 1057

At one hand I am super pissed that Japan is getting all the good toys, but at the other hand I know for a fact that they deserve it because of their bitcoin friendly laws. I want my country to be like that as well and have these kinds of news about us but unfortunately I can't since I know for a fact that my country doesn't allow laws like these and can't even make a dapp according to our laws since it doesn't exists, how can you comply with a law that doesn't even exists.

It doesn't really change my view that I envy Japan and I want to be on their place and it makes me super angry that they get to do these awesome stuff while we just watch them Cheesy

Of course its all fine in the end because the more it happens somewhere in the world the higher chance we will get it in our country one day as well.

Vektrum

member

Activity: 420

Merit: 14

There was a lot of talk about centralization of TRON, but its popularity and the number of users of wallets are still growing, and this indicates interest in the project. Legalization in Japan is very good for the whole project and I am sure that in the near future it may have a positive impact on the price of the TRX.

Fabienne_ayy

newbie

Activity: 117

Merit: 0

Quote from: Vena_Network on May 05, 2019, 05:36:37 AM

Recently, the Japanese media COIN OTAKU published an article. TRON announced that the DApps platform would abide by Japanese laws. The article mentioned: the TRON foundation announced on March 31 that it would comply with Japanese laws in its DApps dissemination activities in Japan. One of the reasons this event was reported by Japanese media is that TRON. As the DApps platform of crypto assets, is the first case in Japan to show compliance with Japanese laws.

COIN OTAKU is one of the largest cryptocurrency and blockchain media under the leadership of kenji ITO. A well-known figure in the local currency circle in Japan, as the editor-in-chief, providing Japanese investors with high-quality and important blockchain news.
https://coin-otaku.com/topic/40066

That's a pretty promising deal because Japan is the motherland of BTC, and recognizes the crypto world

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

That will be good news from Tron Foundation if they can obey the Japan Gambling Law so they can control the spreading of the dApps in their end-user.
I see that every people in Japan who wants to play gambling can get a blocked for their IP because the Japanese governments worried if dApps on Tron platform will be used to develop gambling dApps.
And from that, I think the dApps on the tron platform will not be used for building gambling games which is support by cryptocurrency.

goldreset

newbie

Activity: 40

Merit: 0

Quote from: Ucy on May 05, 2019, 12:40:35 PM

So how will they achieve this without breaking decentralization or the blockchain?. My guesses are,they will desecrate the blockchain, centralize it, use censorship, remove immutablity, introduce trust/permission, become a CEO of blockchain lol (heard there is already a CEO of tron)

Seems pretty much what their trajectory is like. Being centralised and all, anything can happen and hodlers of trx may be in for disappointment.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Why Japan and what about complying with the laws of every other country on Earth? Isn't the whole point of cryptocurrency/blockchain/decentralization is to be independent from governments and their regulations? And the fact that they choose to comply with the law probably means that they'll have to do KYC, seize assets and do all the other things that cryptocurrencies are meant to be free of. People were right for saying that TRON is a centralized shitcoin when it first appeared.

Genemind

sr. member

Activity: 1596

Merit: 335

It's another edge for Tron and it will be an advantage for its development and growth. Japan is one of the best countries which adopted cryptocurrency even if it was just blooming before. Their adoption of Tron has actually a big impact in crypto world because there is a huge number of crypto users that country. I think Tron would still remain decentralized.

Argoo

full member

Activity: 2352

Merit: 245

Quote from: Beerwizzard on May 05, 2019, 02:42:56 PM

OP, it could be nice if you add a link to english version of the article. Because this one is leading to Japanese (or some other asian dialect) version and switching to english is removing you from the article.
Also this thread should belong to Altcoin Discussion board instead of this one.

Quote from: Ucy on May 05, 2019, 12:40:35 PM

So how will they achieve this without breaking decentralization or the blockchain?. My guesses are,they will desecrate the blockchain, centralize it, use censorship, remove immutablity, introduce trust/permission, become a CEO of blockchain lol (heard there is already a CEO of tron)

That's the way everything could work if it happened in China. But Japan is well-known as a crypto friendly country with crypto friendly laws and big amount of users so nothing tells us that someone is going to centralize TRON.

I also think that there is nothing wrong with that. Japan is one of the first states to legalize cryptocurrency in April 2017. Perhaps Tron wants to establish itself in the cryptocurrency market of Japan. In any case, the popularity of this coin should not suffer from such a step. Tron is now the other way around, well developed.

Beerwizzard

full member

Activity: 924

Merit: 148

OP, it could be nice if you add a link to english version of the article. Because this one is leading to Japanese (or some other asian dialect) version and switching to english is removing you from the article.
Also this thread should belong to Altcoin Discussion board instead of this one.

Quote from: Ucy on May 05, 2019, 12:40:35 PM

So how will they achieve this without breaking decentralization or the blockchain?. My guesses are,they will desecrate the blockchain, centralize it, use censorship, remove immutablity, introduce trust/permission, become a CEO of blockchain lol (heard there is already a CEO of tron)

That's the way everything could work if it happened in China. But Japan is well-known as a crypto friendly country with crypto friendly laws and big amount of users so nothing tells us that someone is going to centralize TRON.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: Ucy on May 05, 2019, 12:40:35 PM

So how will they achieve this without breaking decentralization or the blockchain?. My guesses are,they will desecrate the blockchain, centralize it, use censorship, remove immutablity, introduce trust/permission, become a CEO of blockchain lol (heard there is already a CEO of tron)

I don't know how this will not break the decentralized nature of cryptocurrencies or tron itself ? Maybe that is why it is currently losing in the market and funds is flowing from it to bitcoin and it also means investors has lose interest in it.

Ucy

sr. member

Activity: 2576

Merit: 402

Bisq is a Bitcoin Fiat Dex. Use responsibly

So how will they achieve this without breaking decentralization or the blockchain?. My guesses are,they will desecrate the blockchain, centralize it, use censorship, remove immutablity, introduce trust/permission, become a CEO of blockchain lol (heard there is already a CEO of tron)

Vena_Network

newbie

Activity: 58

Merit: 0

Recently, the Japanese media COIN OTAKU published an article. TRON announced that the DApps platform would abide by Japanese laws. The article mentioned: the TRON foundation announced on March 31 that it would comply with Japanese laws in its DApps dissemination activities in Japan. One of the reasons this event was reported by Japanese media is that TRON. As the DApps platform of crypto assets, is the first case in Japan to show compliance with Japanese laws.

COIN OTAKU is one of the largest cryptocurrency and blockchain media under the leadership of kenji ITO. A well-known figure in the local currency circle in Japan, as the editor-in-chief, providing Japanese investors with high-quality and important blockchain news.
https://coin-otaku.com/topic/40066

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