Yet another ICO ban, this time probably from Japan :( - page 2.

Fundamentals Of

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Quote from: ridertiger on October 17, 2017, 03:38:25 AM

An ICO Ban In Japan Is Still A 'Definite Possibility says the news. Here is the link:
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#698d1d38213e
I don't want to cause FUD but I don't know.
Any views on this and on ETH price?

You may not be intentionally causing FUD but it has just did exactly what you are trying to avoid. The subject line is suggesting otherwise. Aside from it, we all know how the big part of crypto investors are reacting to news such as this. That is why sometimes it is even wiser to ride along with FUDs and other fake and shallow news. They make the prices move. Grin

ArrogantPeacock

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In general, Japan had a good run with the legality of BTC, of course they are worried that the price might influence the economic activity, so they're trying to be a bit careful about the legal framework. Considering however that Japan has been fairly open to crypto innovations (XRP included), I wouldn't worry all too much, as it's a tech savvy government and population which can more easily identify the potential of the blockchain and how it can help people. Besides that, even if things get out of hand, you can still send the BTC outside Japan and cash in from another country, if your stack is big enough it will be cerntainly worth it, otherwise just give Japan some time and they'll sort things out (integrating it in their legal framework).

dewanaga

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Quote from: wantjokull on October 19, 2017, 04:32:32 AM

Quote from: ridertiger on October 17, 2017, 03:38:25 AM

An ICO Ban In Japan Is Still A 'Definite Possibility says the news. Here is the link:
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#698d1d38213e
I don't want to cause FUD but I don't know.
Any views on this and on ETH price?

This will bring up more crypto investors but probably into bitcoin this time. :-) This is why price of bitcoin will pump while on the other hand ether price or alts will go down. If this fear continued then we will see day with only bitcoin in the market with two to ten alts really. Seems good for bitcoin holder and negative for those who make living out of alts.

if japan prohibit ico, will certainly have a bad impact to the world crypto currency,
hopefully japanese legalize ico

wantjokull

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Quote from: ridertiger on October 17, 2017, 03:38:25 AM

An ICO Ban In Japan Is Still A 'Definite Possibility says the news. Here is the link:
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#698d1d38213e
I don't want to cause FUD but I don't know.
Any views on this and on ETH price?

This will bring up more crypto investors but probably into bitcoin this time. :-) This is why price of bitcoin will pump while on the other hand ether price or alts will go down. If this fear continued then we will see day with only bitcoin in the market with two to ten alts really. Seems good for bitcoin holder and negative for those who make living out of alts.

jimskiy

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lots of ICO's only have advantage for its creator/foudner. so many conservative ppl think Ico consider to be a scam..
this is very high risk investment on my opinion..

CodyAlfaridzi

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Quote from: ridertiger on October 17, 2017, 03:38:25 AM

An ICO Ban In Japan Is Still A 'Definite Possibility says the news. Here is the link:
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#698d1d38213e
I don't want to cause FUD but I don't know.
Any views on this and on ETH price?

Good news. I don't really like how ICO could easily ask for funding without being regulated, especially when they can disappear after the crowdfunding is over. That is like what happens to 80% of ICO though. I don't really mind as long as they're not banning Bitcoin and cryptocurrency in general;, which they will not do considering how good crypto development in Japan recently is, especially for Bitcoin.

ridertiger

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Quote from: svojoe on October 19, 2017, 04:13:02 AM

I hope this is kinda fake news to spread FUD. It will be very painful if Japan will ban ICO's. But it should be not forever even if they will ban them.

I think many institutions are trying to spread FUD so that they will have an entry point.

svojoe

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I hope this is kinda fake news to spread FUD. It will be very painful if Japan will ban ICO's. But it should be not forever even if they will ban them.

adam1230

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People are being scammed from ICO and they claim to goverment to stop this ICO scammers. This is what goverments have to do.
Regulation of ICO is a good thing for crypto world. Regulation means they accept crypto currencies.
Nothing to worry.

yndye

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Quote from: ridertiger on October 17, 2017, 03:38:25 AM

An ICO Ban In Japan Is Still A 'Definite Possibility says the news. Here is the link:
https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#698d1d38213e
I don't want to cause FUD but I don't know.
Any views on this and on ETH price?

According to the article, there is two possible scenario which is Japan would support the ICOs and another would be to ban it. The highly likely to happen is the latter which is banning ICOs. The regulators have been studying it because they just want to protect the people from those scam ICOs and there are more investors willing to give their money if they can have significant returns in the future. Banning it would likely affect the prices given that Japan has a 64% market share in bitcoin trading now but I believe it would be temporary because they would just regulate it and then maybe allow ICOs again but there will be limitations.

tradingcryptocoach

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ico ban is good thing as many are doing frauds ... there should be some legit done by goverment which is good

Smoothmazi

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It was incoming, crypto got into Africa and most 3rd world countries through the help of ponzi schemes, the price has grown rapidly within a year and my fears are only mounting for those that will lose their life savings here Cry

Mertalot

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Quote from: anzach87 on October 19, 2017, 02:52:34 AM

NO CHANCE TO BE BAN ICOS WILL SURVIVE. . . . Regulated or Not

Hope so! I can't imagine Japan cracking down on ICO. Japan should be one of the driving forces for other governments to show how to treat new technologies Sad

Coins De Shark

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Quote from: QFT on October 18, 2017, 12:06:12 PM

Quote from: 7xminer on October 18, 2017, 10:26:46 AM

The problems with ICOs is that government are not seeing how they can protect the investors if the ICO is a scam. This is a huge problem. How do you guarantee that your money is moving the company? But ICOs bans are not a problem for the existing tokens, bitcoin will not suffer from it. The only problem that will emerge is few new tokens on the market.

Government doesn't care if you get scammed.
Do you really think if bitcoin was worth 1 cent per coin that the government would be trying to stop bitcoin scams?

They want to supervise that money flow, nothing more, nothing less.

Exactly, they want a piece of whats to come. They dont care if you get ripped off in the process. They just want a piece of the rip off, because at the end of the day its YOUR MONEY you are investing. They cant protect you from your mistakes, but they can enforce regulations to ensure they get paid.

anzach87

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NO CHANCE TO BE BAN ICOS WILL SURVIVE. . . . Regulated or Not

elewton

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Quote from: Indrawan77 on October 19, 2017, 01:04:17 AM

I think ICO has become a serious threat for the government and I dont surprise to see Japan or any country to take this kind of action, because there are too many coin that is useless and too many people scammed through ICO, and this will affected eth price, it will drop down

I agree with you that many new tokens are useless. Inevitably, Governments in the world will ban ICOs. But it maybe happens in short-term. After they find out the way to control ICOs, they will allow it again. Don't worry. Grin

Indrawan77

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I think ICO has become a serious threat for the government and I dont surprise to see Japan or any country to take this kind of action, because there are too many coin that is useless and too many people scammed through ICO, and this will affected eth price, it will drop down

Legendari

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It seems to me that the news is natural. Last year ico projects have attracted $ 2 billion, of course the government cannot turn a blind eye. I think the regulation the ico in the world just a matter of time.

disconnectme

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Quote from: evergrow on October 18, 2017, 04:27:01 PM

Very good, ban crappy ICOs and make way for the real projects!

airdrops should probably also be banned from Bitcointalk because most of them are super scammy

I think what Governments want is to have control over these funds, just imagine the amount that have been raised this year alone, over $2 billion and if no one is asking these developers how they are using this fund then abuse is inevitable

OracionSeis

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Quote from: bbcolex on October 18, 2017, 07:58:23 PM

Ico's should be well regulated , Some projects are scam and should be banned from collecting money from investors. Shitcoins and tokens are sprouting almost everyday to collect Millions of dollars then sadly turned out to be scam.

A momentary movement will be end soon, I do not think we will see many ICO projects in next year. The government will help us solve and remove all shit, ponzi projects. The SEC, China, South Korea and the rumor about Japanese government proved they do not ignore this field.

Topic: Yet another ICO ban, this time probably from Japan :( - page 2. (Read 1826 times)