Bitcoin Forum

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

They have decided to postpone the ban after they saw cryptos has community members like you. they know users like you couldn't do anything harmful, just read your own title. ;)

Thanks. No offence taken. The issue is a critical one...so I hope all community members are prepared for this eventuality, if ever it happens!

No I dont think.It is just FUD.Japan is the only country that is supporting crypto currencies since starting.Japan will continue it supports.

 Im hoping that this will not happen.

Now, what's possible?. If that's true. I think it's necessary. This year, ICO has a lot of tricks and cheats a lot of people. Block chain is not financing, this time I hope Japan can ban ICO

It is possible, after what happened in china
But i still can't understand why China want to ban cryptocurrencies and ICOs...
I think that they aren't a illegal things

ICOs are no longer worth the time and hype anymore I guess. Trading is gone to a next whole different level. You're going to see pretty much every country regulating ICOs sooner or later, once they realize on how it works. The scam ICOs have made the good and honest ones also untrustworthy and this may not result good in the future. And Japan is one of the very few countries that is with crypto currency and if they are banning ICOs and then surely others will follow up.

illegality id defined locally  ;D

My answer is - Yes, there will be ban on ICOs in Japan. The market will bleed and and rebound after that same as it was with China.

If there is a way of harmonising regulation, it will help in giving credibility to the whole process of approving ICO’s. Crypto project  ICOs need regulations so institutional monies can start flowing in and also for the protection of retail investors.

The community also has a role to play by coming up with certain standards which projects need to comply with before launching of ICOs. There is much to be learned from various failed ICOs which can help in plugging holes and making future ones more credible!

yes they could and also they will surely soon ban ICOs. they are not legal in any country to begin with, it just leaves making the illegality of it official. many other countries have also moved ahead with making ICOs illegal and some others that are left behind will soon follow steps.

this has no effect on bitcoin whatsoever because bitcoin doesn't have any ICO and people participate in ICOs with other tokens, mostly with ETH. so it may affect those instead.

Of course they can do whatever they want they, specially if they think it will bring good balances to the market. But since Japan is bitcoin friendly, I don't think they will ban ICO but rather put a regulation on it. They will not go to the route of China. They have invested so much on cryptocurrencies I don't think that banning it will be their last resort.

Better not like China did.
ICO ban surly will slow blockchain dev.

Maybe it will slow the development as what you have said however it will only show strong crypto market is.

I don't think Japan will ban ICO. They were very supported to cryptomarket. But still we don't the future so it is still possible they will decide to ban ICO. Thus let just prepare for the outcome whether it's good or bad.

where do you see news like this?
can you show the site or anything that can be trusted?
and I think this is just unclear news to the originals.

It's possible. Most of them are scams, so something must be done. There should be no lasting impact on cryptos that have nothing to do with ICOs, such as bitcoin.

Always share the source of the news. Thanks.

As for the ban on ICOs, they should in my opinion. They are becoming a means for scamming the people of the community. I know some of you have made some Bitcoins by buying and dumping them but what about the losers in the trade?

I hope a ban will impact Bitcoin positively because of less competition in the market. But if a ban cannot be implemented, they should at worst regulate it.

Where's the link for this? They can possibly ban ICOs and they can simply focus to bitcoin because they are not into many types of currencies that makes the heads of each Japanese crazy. We know on how Japan is one of the biggest market movers of bitcoin and this will give a big effect to the price of bitcoin. Remember on how China did it, everyone was into watching the market on how it will be surviving because of the ban but later on we survived even without them, so the same thing can happen.

A lot of these governments are rushing into these decisions. The first option should never be to simply ban all ICO's. You will destroy a vibrant new innovation and also a functional alternative to the current funding of new business ideas. They should start with proper regulation to protect the tax income that might be generated from this technology/industry.

How do you really ban ICO's that are funded by a decentralized currency? People will just find other illegal ways to invest in these ICO's. ^hmmmmm^

This news of a possible ban of ICOs by Japan appeared on Forbes

https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#2c07a089213e

wow if true RIP mona coin

Hey
Well I don't think if they banned ICO's it will be a very big deal, and yes obviously they can ban ICO's there is no doubt in that.
First of all these ICO's that are now prevelant in this time 90% of them are fake , they ask people to donate a fraction for the establishment of the new project or a company or a new currency and then they are never heard about.
Thus due to this ICO system many people are getting scammed and thus even if they are Thinking about banning ICO's then it might be valid.
Not all are fake offcourse !but most of them are and maybe the situation in Japan is worsened because of increasing number of scams that government has to consider it.
But whatever maybe the reason it will be for the welfare of people.

Japan is one of the leading countries that are supporting cryptocurrencies and ICOs and I don't really think they will be banning it when they are openly accepting and using it. For me this is just another FUD and an attempt to weaken ICOs.

Cointelegraph also carried the news

https://cointelegraph.com/news/ico-ban-in-japan-a-definite-possibility

I don't think Japan would be so stupid to ban ICOs. They are a big world leader in Bitcoin and it would not make sense to lose this advantage they have.

maybe its another way to create some panic if ever news will come and inform every holders that japan will also conduct such action but for my own
personal opinion japan is not that type of country they know what are they doing so after deciding to adopt btc they will keep it that way together
with other crypto's alongside with ico its there people's responsibilities to choose whatever they think is good for them.

Even an small doub't  i dont thinking that japan  would ban ICO because the father and founder of bitcoin  was born in japan Mr Satoshi.japan is the no. 1supporting about digital currency as far as i know, japan economy raise in to high because of the bitcoin help and the camaraderie of the people.

Everything is very much possible in this crypto community. Without any issue that will be last resort if the regulation is impossible to do in real time. The issue of ICOs is that all they wanted is to be done right and because implementing it is out of their reach they consider banning it and because ICOs is being done outside the exchange sites, they have little or not control over it. The implication will definitely affect to a large extent especially on whose platforms ICOs is being raised now such as Waves and ETH.

Yes, Japan could possibly ban ICOs but I don't see any reasons for them to do that. Japan is one of the bravest countries who took the initiative to adapt and legalize Bitcoin. In fact, they now have COMSA which is the very first Japanese ICO. At the very least, I think Japan will only wanted to regulates ICOs to avoid SCAMs.

Where do you read this news?
Do you have any reference? You must post the link and put some credit on it.

Regarding to your question.
Yes it is really possible, most ICO project are often supported by altcoins.
Bitcoin is known to japan. In fact banning is also consider a serious discussion. If they do the same thing what China do then it will be a real loss to all of bitcoiners. (China not included)

japan could be possibly to ban ico like korea because if the japan government can see that there is so many ico that don't have a good plan for the ico and japan can protect their citizen from getting scam, they can do this with easy. but i don't think bitcoin and other cryptos will gets the bad impact because i think its different between the ico and the bitcoin especially if we talk about crypto currency. the ico is like a project that is not yet run properly and they need to test the project by doing many things like attracted the investor, make promotion, release the coins and other things.

I don't think they will ban ICO's because they lead the cryptocurrency world by adopting it very early. But they might rather regulate ICOs in order to avoid the multiple scams  ;)

I read the article on Forbes - "An ICO Ban In Japan Is Still A 'Definite Possibility'".
Basically in Japan the use of crypto currency is very common, and the Risk with ICO is that normal/non-skilled people are scammed.
In this scenario a ban or legal restriction for ICO is possible.

Yes japan can ban ico's from its country.  but point is this news won't effect on cryptocurrency market. China  did ban ico,  that's why they provide Rumor. And You have to more about crypto, than will understand.

I think this possibly because Japan only gives suport to bitcoin that's why they don't want other crypto currencies to enter their market, there's a lot of ICOs introduced in the market this somehow divert the market of cryptos and make the demand in bitcoin lessen so I think japan just want to penetrate the bitcoin market and wants to focus on it.

I can not come to a conclusion quickly before knowing what really happened. or maybe just a rumor that was deliberately spread. yes I think we should find out from a valid news source.

The protection from scams is to give more information about technologies. Deep understanding of blockchain limits gives the answer what is possible.  As a result less myths will be. Not to ban or trying to escape. I hope Japanees government understands this.

they can’t ban ICO’s but can Ban exchange .

i know Japan start to support bitcoin in real office so not think they till be banned

if ban price will down more than week

This kind of things are impposible to predict. No one saw the bans in other countries that have already done that.
Anyways , Japan is the most open country when it comes to cryptocurrency, but if there are some scams in the ICO field htey will surely ban it...no doubt.

Many in Asia see Japan as the liberal safe haven for cryptocurrency, but Koji Higashi, cofounder of digital token wallet IndieSquare and an outspoken figure in Japan’s cryptocurrency scene, would not be so daring.

There is a possibility that Japan will ban ICO then will focus on Bitcoin because lot of scam ICO which supports altcoins are now rampant in the market in which there is no exemption to the scam including the nation of Japan. If this will happen i think bitcoin value will not be affected but it will become more expensive because competitors will become less and most of the these thousands altcoins in which some of these are slow moving crap will be obsolete.

many issues are happening that make us worry about any investment we want to make or even that already exist, but the concern will not have real impact, because basically bitcoin has a power that covers many countries, because if there is one country that prohibits the circulation of bitcoin or ico , it will only have a temporary effect

It will surely affect ICOs on a wider scale because Japan is one of the countries who gives a strong support on cryptocurrencies. But on the other hand, I don't think it will affect bitcoin at all. It's fine for me if they ban all ICOs as long as their stand and support on btc is firm. And it's a good thing to regulate ICOs in the first place because there have beeb countless that sprouted and it's not that easy to spot the good and legit ones. And one drastic and effective step is banning all of it instead of dissecting each one by one.

They can banned some ICO`s, because bitcoin gets unreal investmens from Japan, somes ICO`s 100% depends from Japan, but they cant banned all ICO`s,  they also make money from ICO`s and they will not do that.

It seems to me that the Japanese will not fully ban ICO. Maybe they will try to tighten the rules and will require obtaining a license for this asset. Indeed a lot of scams in ICO. It seems to me that if the Japanese will bet on bitcoin they may attempt due to prohibition ICO to increase the capitalization of bitcoin and make good on this.

if Japan really prohibit ICO I think not be a huge obstacle later because there are many countries that may utilize bitcoin to be one place invest large-scale for the sake of economic progress better than previous.we should keep be optimistic that when the incident appear there will be no problems that interfere with the existence of bitcoin at all.

things like that can happen, because a country must have rules that are prohibited or not prohibited, so we as a society that obeys the rules must also do well.

Don't think that this happen.. Japan very like bitcoin!
So, there is exist few ICO project from Japan too.
Can't ban it, they have not reason imho.

They aren't wrong to do it either. In fact the more countries which approach it this way means the less appeal for people to make these shit coins.

Japan ia into innovation of crypto cirrencies,they are open for adaption and most like to develop more uses and applications of btc in economics,business and does see how crypto can improve more the technology.

i am think that, japan doesn't walk to china. because they have invest many crypto currency and they have profit by bitcoin, they are not mad . so it is not possible.

Japan has always been in the forefront of leadership when it comes to technological innovations. I believe that the authorities will adopt a measured approach to this matter so as to avoid complications for the nascent crypto industry in that country.

Japan is the one country that recognizes the cryptocurrency and allows it to trade. They will not ban the ICO but will have binding regulations to ensure the investment because cryptocurrency investments are volatile and high risk, ICO can easily be scammed.

Ban on ICOs in any country could always affect the Bitcoin/Cryptocurrency in global market. Any disruption on Bitcoin market can put Bictoin value down. Japan has the paramount technology and they can track those bad ICOs. I hope they only ban those ICOs which are unscruplous in nature, not all ICOs and cryptocurrencies.

I don't think Japan will consider banned of ICO because this was one of the country who give support to bitcoin and other crypto currencies unless this country wants to penetrate their market for bitcoin because it seems that there are a lot of ICO which will probably confused their market so they want to ban them. But seeing how Japan supported Bitcoin I think ICO will continue to grow and enter their market. 

I really think that this could happen because of reported scams from ICO. Japan is a very innovative country and it will protect its citizens. After banning I think they will also regulate ICO and try to filter which coins will be allowed to hit their market. In this way their citizens will be protected for scams ICO.

I think this will end up like what happened to the country of china. made statements are good enough because it can make fraud like ICO can be reduced. but I still believe that bitcoin will survive this sort of thing. Prohibition will only last for some time and bitcoin prices will return to the positive treck. Japan is an influential country but it will not affect the very strong bitcoin at the moment.

Yeah,agree.
The problems is most ICOs will be failed,and some even are fraud,so is the consideration of ICO BAN.

Everything is possible. Despite the fact that bitcoin started in japan, still it is possible for them to ban icos. For one, there are so many icos that end up as a scam so we must be vigilant when we join icos. And this could be one of the reasons why they will ban icos.

Yes, there is a possibility to ban ICO by Japan. But I think Japan will not do this. Japan can ban ICO because there are a lot of scam ICO and China already banned ICO. That's why Japan can ban ICO for sometimes. And I hope they will Withdraw the ban from ICO again.

Possibility of banning some ICO in japan is positive let say this can be one of speculation but always remember that just like china what if japan does it too but unfortunately we cant say that this will last let us be awakened and aware for all the possibility that can happen specially from banning some ICO.

It can happen but the good thing is that they are not considering it as of the moment but still be aware that anything can happen. The growth of cryptocurrencies to Japan is fast and that's why they have to do something to protect their citizens too from scams and I think this is the reason why China has banned ICOs and now if Japan will ever do this, they are thinking for the good of their people and they aren't really for the profit.

Well, the way i see it, it isn't impossible to happen. Because every country has the authority to ban or to support bitcoins or any other crypto currencies out there.
But i think this is just a fud. Because it wouldn't be logical for japan to ban bitcoins. Specially now that a lot of its citizens are getting more and more aware of this currency and jumping into it. But maybe they will do something to be able to regulate these crypto currencies just to make sure that they will be able to avoid scam ICOs that may scam their citizens and rob them.

I think a ban could be potential, although no timetable for its implementation.Japan’s decision on ICOs will have consequences on the market. A ban could limit the volume of investors. so i think Ethereum price will fall down also

Do you have the resource for this? I keep on searching on google but the queries are just like the same with the title of this thread. I know it's possible but the thing here is that many are waiting for their announcement that they'll do the exact the same thing on what China did. Because we know that there's a lot of people that are spreading fake news and FUDs to the crypto community and wants to pull some price of bitcoin so that they can buy at dip.

What i think is that this is not going to be a total ban, a regulation of the crypto currency perhaps. Japan is a big supporter of bitcoin since it started its legalization however the scam ICO's may be affecting the market of japan so the government may have decided to put a stop into this. This might be something like what china did. banned new ICO's not the whole cryptocurrency because clearly there is a market for it and with the new age people are getting more into the cryptocurrency world than the traditional currency.

Certainly we can not find out what will happen in Japan to regulate the ICO. In my opinion, Japan will take the crypto currency side.

Japan is the biggest supporters of crypto currencies but ICOs sure has gained an bad reputation because of large number of scam or fake ICOs in the market so it wont be a surprise that if Japan banned ICOs just like China did.This can be a fake news too, just to make people panic sell their bitcoins so that there is dump in price and they can buy bitcoins at cheaper rates this had happened.This ban would surely affect bitcoins but bitcoins will easily recover from this just like when China banned ICOs.

Japan is a strange country.

it will not ban icos but there may eventualy be high barriers for icos to comply with japanese regulations.

If u look at recent ico COMSA, it is an ico for creating icos so they can... u know. among their ico comitee is a representative from Mitsubishi UFJ bank.

"icos for centralized business"

I think what you say is a rumor. because I know japan is one of the countries that respect bitcoin. so it's possible Japan is taking a policy on ico doing misuse. so I always believe jepan will always do my best on bitcoin.

ICO can not be banned. Depending on whether it is defective in the name of ICO. Many as ICO use to steal and I think that's why ICO should stop. But this is a good thing for us so we do not want to worry because it will be restored to their operations when problems are resolved.

This actually surprising is good news I feel like. Think about it when you have so many scamming ICOs and useless ICOs you need to curb this out and this seems to be the only way. I hope more countries follow suit and do

the same because you dont need a ton of investors getting burned left right and center. It is one thing if a product didnt meet the criteria they thought they would but over half these ICOs just have a whitepaper and no real

plan to develop a product. How about we change that model to you bring a product to us and we tell you if it is worth the money you want. I for one and going to not participate in an another ICO until I see a change in how

they are operating. They currently are scummy as all hell and the worst aspect of the crypto industry (forks might be a close second who knows).

I think it's a safe assumption that Japan will come up with some major regulatory guidelines but no bans, for now.  Thankfully! It's bad enough out there.  Japanese are showing sensible reactions.

It is my believe that in the next couple of days there will be some additional updates on this intial story. If there is some veracity to this claim, the authorities will make a press Release with further clarification. I don’t think this is complete rumour. There may have been some discussions going on in Japan about the future of ICOs which necessitated this news filtering out into the public domain.

Your title thread and comment have it as ban on ICOs. So, how come Bitcoin is dragged into it again. If any country chooses to place a ban on ICOs it will be to protect its citizens from scams that lately ICOs have become. But that doesn't necessarily mean there will be a general ban on existing cryptos. By the way, ICO means: Initial Coin Offering. It means those coins are yet to go to the market as devs seek this avenue to raise money for their projects. Most times the devs disappear into thin air after raising the money. It will be a good thing to strictly regulate ICOs.