Bitcoin Forum

Earlier,we saw china which was a dominant power in bitcoin trading banned all ICOs due to lots of scam projects.Following it,south korea took the same step and now vietnam.

Now every one's eye is on japan.Japan has been the powerhouse of crypto currencies having almost 63% of world's bitcoin trade.Already,many global companies have shifted towards japan and switzerland due to the crypto friendly environment.

Now,with increasing scam ICOs,could japan too take the same step?

And if it bans all ICOs,then what would be the immediate impact over the crypto world?

Kindly share your thoughts.

It would be better if they regulate ICOs instead of banning them all.There are some scam ICOs ,but there are lots of good projects as well.Banning ICOs will be a bad decision ,because lots of cryptocurrency owners and investors will run away from Japan.
Anyway,i don`t believe that a mass cryptocurrency ban would happen in Japan.

ICO are getting banned because of the many scams associated with it, but I feel sooner or later it will be better there will be some rules. As far as Japan is considered, I don't think they will immediately take a action because they have heavily invested in Bitcoins and any price fall will severely effect them, so for time being it's safe in Japan but I don't think for long though.

I don't know but it will be better if japan try to regulate ico than ban all of them there are some scam ico but there are much good project and potential project so i actually hoep they wil not banned ico.

I doubt it, because Japan has never been like-minded to China. Japanese thinks very differently among these Asian countries, and with them accepting bitcoins as payment for merchandises, I doubt if they will attempt to ban ICOs. Keep in mind that ICOs attract new bitcoin adapters. Japan is a BTC friendly nation, I assume.  ::)

I think japan will not make ico.
But if japan blocks some detected ico cheats I think it's better.

Unpredictable at the moment to know exactly which countries are banning them I would convert them to Bitcoin just to be sure.

It's possible or might not and every country could be the next of China and Vietnam with the topic of banning bitcoin and cryptocurrencies, but because bitcoin in Japan is now effective and more people acknowledge it.
And more local stores accepting bitcoin as a payment method so it's unlikely to happen in Japan.

Yeah, we dont know what exactly they are thinking about bitcoins now. If some country will think that bitcoin is a risk to them then there will be a chance that they will ban it. I just hope those other big countries will not do it because it will really impact bitcoin price.

If so, Japan will become a very important bitcoin trading countries, will dominate the future development of bitcoin

I dont know how can ICO be regulated? Anyone with just a set of laptop and a few other hardware equipment can come up with an ICO without even disclosing his country. People boast about the anonymity of bitcoin but this is what makes it diffcult to regulate. I hope that japan does not bans ICO or else we might see another setback to crypto community.

so many countries have banned ICOs and i hear news of new countries every day talking about how illegal ICOs are. so there is a pretty good chance that Japan can be the next one to ban ICOs.

it is always some people who will ruin everything for the rest of us. a couple of scammy ICOs and lots of illegal money raised by them ruins ICO for all the rest of the ICO projects and they have to burn with the bad ones alike.
although Japanese may take a different rout unlike others. they may allow some of the ICOs to go through.

Do you think that banning Bitcoin is a problem ?
First of all there is no reason to ban it.
Second, we suppose that it is banned I Don't think that it will influence a lot the price of Bitcoin. It happened with China (the first Bitcoin community) and it caused 1500 usd as a loss. So I Don't think that it will drop that way it Japan ban it.

I genuinely think all these countries banning ICO'S are.. not looking at the bigger picture... You just don't shut.. Something out if..it.. Causing troubles..you go forth and solve it.. scams are everywhere..even in the government that doesn't mean that the government will be banned right ?
I think they should make rules stricter and should think about solving rather than shutting the situation out. If one has to scam he will do if.. through ICO'S or through any other medium.

If Japan ban's the ICO'S or not depends upon the government's mentality..

I really think instead of banning they should make some rules that one has to follow before thinking of launching an ICO and all that paperwork and stuff should be added here too.

Like China, Korea, Indonesia have already banned ICO`s.
Now news has started about biggest contributor Japan.
Japan is like power source for bitcoin industry.
Japan trades more than 60% of bitcoin transaction.
Japan is a conservative nature country, current increasing IOC scams worrying japanies government.
So following the swift actions by its Asian partners Japan may ban IOC`s or put strong restrictions on its operations.

My opinion is that, there's a chance for it. The other countries that I can say not so cryptocurrency friendly have taken an action against ICO to prevent their citizens from scammed.
Seeing that japan currently considered as the most friendliest country to digital currency such as cryptocurrency, they might release a really strict regulation but, if it's not enough to prevent fraudsters, they may just ban it and the problem gone.

I hope you can afford a pair of glasses so atleast you can read the title right even if the title itself have bigger size of font than the entire content here.

As you can see, ICO is a parasite that overdrafts the future of the virtual cryptocurrency world.Because most of the ICO's project in 2017 is not good enough, it has gradually become a financial scam.I think the future of virtual cryptocurrency will focus on mining, updating various algorithms, similar to XZC and ZEC

It is possible Japan could do that because South Korea made a stance and made a point of pointing out the difference between speculative ICO's and Bitcoin. Since Japan legalized Bitcoin in their country they could very well do that, however they might try and put regulations around something like that to try and profit from it kind of like the way they are with taxing BTC right now.

First phrase makes absolutely no sense.
Second, I don't care about trading volume and nobody should care even one tiny bit.
Remember how China had 10x the amount of all western exchanges? We all now how this ended.
And this 63% coming from the country that allowed the entire Gox drama to happen, I don't buy it.


I really fail to see how this would be a great thing. Is China dominating the development of btc , now that it has banned ICOs ?

If the future of cryptos is to burn electricity like an aluminium plant and each of us to have 20 miners or GPU cards in our closet, then count me out.

Arguably most ICOs are simply unregulated securities that try to use legal loopholes, which puts them in a legal grey area in the first place.

So yeah, I could very well imagine Japan banning -- or at least trying to regulate -- ICOs. Their friendly stance towards Bitcoin has nothing to do with their -- currently unknown? -- stance towards ICOs. While both exist in the same space, Bitcoin and ICOs are two wholly different asset classes.

ICOs are an amazing concept, but unless the market gets its shit together I think it's only a matter of time until more bans follow.

There are obviously scam ICOs, but this is just a minor part, really. Most of them are promising projects, sometimes badly managed, this is true. I think they will not ban them, but rather look forward to stricter KYC requirements.

Bitcoin were born in here and Japan is one out of the first countries accept cryptocurrency for payment so I don't think they will act like China or Vietnam :)). I think everyone will have to take their own risk if they want to make money by investing in ICO. There are no easy way to earn money and every way has its own risk so if a government ban a investing way just because it has some risk for investors I think they should ban all other investing ways not only ICO :))

this is the move i foresee as being the most likely; in the event japan moves to ban ico's, it would be because the administration determined that the ico scene was too sketchy, and decided that banning them outright would be the best interim solution until legislation were to be implemented that would regulate the projects and create a safe environment for its citizens to invest in. and as for your second point, ico's arent even necessarily tied that strongly to bitcoin. if japan were to ban ico's permanently, i think very few, if any people at all, would even consider moving out of japan just for the sake of investments. there's not much offered in taking that course of action, and unless ico investment was literally their only source of income, i dont think the option would even be considered. i dont know where you're getting that idea from.

They could, but I think they'd first establish a set of high standards for them instead. Crypto seems to have a bright present and future in Japan, as they are eager adopters of new technology. They have a history of importing things and then modifying them to suit their tastes and needs. I'd expect they will encourage home-grown coins and protocols, too, but in a way that seeks to weed out the scams. Crypto is maybe one way their economy can start growing again. They also have an aging population, so it would be smart to facilitate look to long-term passive income streams, like serving as a reliable crypto hub...and holder of bitcoin, etc.

If they can't handle those scam ICO,i think they will start to regulate ICO to prevent such scam
Banning ICO is only when there are too much to handle for them and only temporary

Ban over all the ICOs isn't a solution they need to find other way out, if this happen in Japan no doubt the scam will reduce but many promising ICOs will also suffer.
It is expected and they could ban it but as you have stated that Japan is powerhouse of crypto trading then may be it is possible that they would find other way out instead of banning.

No one knows on what would be the decision of Japan regarding on regulating ICO if they saw that they would need to regulate it then for sure they would do that. I do somehow agree on regulating them to lessen the risk of scam projects which would lead up on losing money from its investors.If it is already being regulated then the risk of scam will be surely lessen.It wont really not totally affected majority  on its price.It can changed but would still able to recover up and when ico's are regulated then maybe thats the time i dont hesitate on investing.

yes they can but not think will do because japan always support new technology and they see future of virtual money

I have seen more and more ICO projects move towards incorporating in neutral- or crypto friendly jurisdictions (Switzerland would be top of that list right now) but is it really true Japan is another? I have seen only ONE Japan-based ICO in my entire time here - granted it was an obvious scam and long before regulations for exchanges kicked in.

I'd be extremely surprised if Japan were to make such a move. It's just incongruent with any of their previous decisions relating to crypto. But it's completely with the grain to expect ICOs to come under the same strict regulation as exchanges. It would also be the next logical step, if not the smart one to ensure Japan becomes East Asia's ICO valley.

Instead of completely banning ICOs, I think the dirty Japanese will not do so because there will be so many people who want to invest or make it out of Japan. Instead, one can adjust or remove some fraudulent ICOs because there are many good and potential projects in the future.

i think the icos are a sign that people are fed up with ledning for state banks or from banking cartels,

and i also think this is a huge opportunity to created certified and cleared financial markets that are decentral and obtainable for ICOs

i made a suggestion in the meta arround it,

btw. bitcoin and its splits is also scam.

it is a burden for the infrastructure, and it will be banned or vill lose its vaue because many enterpreneurs will team up and create anti bitcoin cartels to destroy it.

regards

They might regulate ICOs and bitcoin trading with more strict rules and terms but I don't think will just ban ICO like china and korea. I am also quite sure that those bans on ICO and bitcoin trading will be removed in china and korea within next few months after they will make standard terms to regulate ICO efficiently. Than all other countries where ICO is banned will copy those terms and regulate it.

I only know one thing: Bitcoin is being supported a lot by the Japanese government, to the point of seeing TV commercials about bitcoin (I saw this commented by a guy that actually lives in japan, so no bullshit history here). There are a ton of shops out there that support it, you can buy anything you want all over Tokyo with BTC.


ICO's are irrelevant. They ban ICO's? so what, more money goes into Bitcoin, that's the only that will happen, so as long as you are holding you will be ok. Stop stressing over ICO's.

Are you out of brain. Japan is the only government makes bitcoin as a legal money and implementing many business adoption with the bitcoin. They have installed bitcoin atm in their airport as well.
Korean done the ICO banned and followed by the very few countries only made ICO illegal in their countries.
I am sure that they will not ban ICO, if do that some legit ICO owners and investors also will affect because of that move.

I have even heard that some people are using ICOs to find their illegal operation such as terrorism financing and others are laundering money all in the name of ICO.  The best thing to do is government making sure these are not scams and illegal operations.

There is a definite possibility that Japan will ban ICOs soon because many Asian countries banned ICOs and crowdfunding in their countries, have a look on this news published by Cryptocoinnews https://www.cryptocoinsnews.com/japan-may-no-longer-be-a-safe-haven-for-icos/ .

Japan is way too hot on crypto to start cracking down on it like China. Keep in mind that Japan and China are vastly different countries with different mentalities too. While China loves to censor its people, Japan is much more forward oriented, perhaps due to their small size.
In either way, Japan has been a frontrunner when it comes to technology for a long time now, and I doubt crypto will be any different.

no one believes this, I believe Japan is the best country for crypto how Bitcoin is developing very well there.
everyone is wearing it. there is no reason to forbid its citizens to invest in ICO. I am not sure.

Bitcoin ATMs in Japan are still rare and overpriced. It's way at the front when it comes to shops though, considering Bic Camera accepts Bitcoins.

I don't believe that Japan will follow the same steps as China, because it is even more liberal with all things, including cryptocurrency. Also that Japan has the most number of transaction, making profits to the country itself. I don't think that there is an alert on it. So start invest in projects like propthereum.io

Japan is well known in the entire world due to its technological advancement .as the use of digital currency is a part of it therefore it is nothing new for the Japanese society. They support the use of Bitcoins very much and hence it is impossible for Japan to ban IC0’s in the next many years. Japan is quite open minded country in this regard and they do not prefer census on their own people therefore they would not practice the same as China does in last few months.

There are a lot of scam attempts with the ICOs. I presume that this is the reason why someone would try to ban it.

I think Japan is the first country that will solve the problem of ICO, but no ban, no, competent regulatory process only! Because the ICO is the reason for the growth of the national budget.

The thing with ICOs is, that if regulation is too strict they will simply run their ICOs in another country. So if regulations aren't some sort of guideline that helps protect the interests of investors, they won't be very successful.

We all know that japan is the first country having strong economy to adopt and legalize bitcoin in the entire world.Its approach towards crypto currencies is totally different when compared to that o china,south korea,vietnam.

I think that apan may try to regulate ICOs in the future as it too has the duty to protect the interests of its citizens.So,it may not go to the extreme level of banning the ICO completely.

Banning ico is not the answer what is really needed is a regulated approach to them some do have potential to be good crypto currencies but what is needed is protection for investors.

They did not ban ICO; however, they are speaking about their legalization. The release of all tokens in Japan may be governed by the law about cryptocurrency. It says that all companies dealing with ICOs should be registered.

Yes but Japan won't go for ban of ICO'S in upcoming year because that is the country which warmly accept every technology and is very broad towards advancement, they think of mass benefit as their country benefit and they know bitcoin s providing them a chance to raise the standard of living of the mass and making them rich, so it will not ban it

Its possible that Japan will ban ICO's if they think that are rampant scams that is going to happen and their people will be affected. If they think that its better to ban ICO's than they will but as of now I think they won't do anything about it since Japan is one of the country that embrace bitcoin widely it means they are ahead of crypto world.

I think no. There are a lot of services in Japan, which could be paid by cryptocurrency.

         Yes that is very big correct, well if we look for some reasons they would ban it, yes they could also. They also have the power to ban ICO's if they mean too, but according to you, they support economical advancement that is why they thought why wouldn't they hesitate and not give a shot right?

likely. If the countries do not control the outbreak of coin. Certainly the ban will be issued. lots of good coin. But coin is much worse. if not prevented. It is possible that the country will fall into crisis

Recently I just watched a video about Japan having Bitcoin as a legal currency. I guess they will not ban all of the ICOs because they strongly support cryptocurrencies. But if they will actually ban all of them, then the impact will be just like what happened when China banned all of the ICOs.

You may need to know that japan do support bitcoin not probably not that much with altcoins, ICO if they consider this as a threat, they will do whatever they need to do;.
maybe regulate it or even banned it if they feel it's necessary, japan is bitcoin friendly country but not sure about the rest cryptocurrencies.

Of course, if the ICO would mess up Japan's financing system, I think Abe would do it.Because ICO, although there are a lot of proof of success, but fraud also many, we all know, in fact, a software development with not so much money, most of the rest of the money has been squandered development team.