Bitcoin Forum

The Financial Service Agency FSA (the top financial regulatory agency) in Japn has revealed plans by Yahoo Japan to launch a crypto-currency exchange platform within Japan and extended to other parts of the world. Currently, FSA has received at least 160 applications from different companies to launch their own exchange. It will be noted that Bitbox, (launched by Line Corp) had its license approved by FSA and they are currently operational overseas.
 Yahoo, unlike facebook and Gmail seem to be less critical about crypto-currency, Yahoo Finance is already reporting several crypto projects in development, their interest in launching a crypto exchange will certainly be a welcome development and could drive crypto adoption as it shows cryptos in a better light.
What is your opinion on this? I would love to hear your thoughts.

Credit :
https://news.bitcoin.com/japanese-regulator-crypto-regulations/
https://news.bitcoin.com/yahoo-japan-confirms-entrance-into-crypto-space/

I dont think that this news will affect any good for the market as today market is down more then 3 to 5% and what is the reason dont know but normal is that short term traders have booked profit.

This news will only be good when they get approval and yahoo Japan comes open with ICO for their exchange.

Yahoo Japan is a very different company from Yahoo Global. In both administrative and corporate matters. That was clear when Yahoo was sold. And the main thing is that Yahoo Japan belongs to SoftBank and Altaba.

SoftBank is a giant on the internet. It has participation in a hundred companies including Uber, Cruiser and several internet sales companies. Altaba has a very large slice in Alibaba. One of the largest commerce sites in the world.

This for me is much more than a move from an internet portal. It is a movement of large conglomerates filling a potential in cryptocurrencies as a means of payment. And opening the possibility of its adoption by several companies.

SoftBank (https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=23013)
Altaba (https://www.nasdaq.com/symbol/aaba)

True words
There has to be something practical that drives the market
Just a news of something not yet done!
This does not benefit the market anyway.

OK, but the fact remains: it's a big name and if it'll launch indeed a crypto exchange, it will give even more legitimacy to Bitcoin and help even more with the awareness and trust.
I think that's a very good news.

The big players of the internet world slowly began to be interested in crypto coins. We hope more will come.

They seen big potentials out from crypto industry, this kind of news will definitely affects investors next movement, it will reflect and make influence for people who understand and knows how big players works in terms of financial aspects, better to keep an eye it can possibly be the turning point between the bear and the bull trend inside the market, thanks for sharing OP.

That's great news! Now we will have a legal exchange made by a reputable Yahoo company.

now the crypto exchange business is popular
anyone who holds an ICO surely they need their coins to be exchanged with BTC or ETH, then in each listing process, they must pay the relevant exchanger
so far the competition for ICO has been very tight
while competition as an exchanger, is still wide open and very profitable

Nice analysis but even if Yahoo Japan is a different company, it stills has the name of Yahoo which is a big company and a trusted enough one.
In addition, this will make other big companies get more interested in cryptocurrencies  :)

I do not doubt the development of Japan with all its technology, surely many large companies use crypto in transactions.
The policy of Yahoo really deserves to be appreciated, with this step there will certainly be a lot of support and eventually more and more communities.

Effect won't take place immediately. This news is for long term and we know on how Japan is one of the most crypto friendly countries in the world. Rating this as a whole, its a good news when there are names like these when they are adopting bitcoin. Don't look at the point for quick profits because you're going to be the same with those folks who are looking to crypto as a rich scheme market and expects rapid effect if there are important news like this.

Woah, very informative. Thank you for clarifying that. I'm guessing this move is different from Yahoo global's plans to sell crypto through its app?

But yeah, either way, I don't think it's as big as large conglomerates lining up to support crypto as a means of payment. It's Japan, where crypto regulations are basically as clear-cut as they can be for the first time ever. Companies know that there's a lot of money to be made off this fresh market, so I'd say this is just another money-making business move, not an idealistic one. It's good for crypto regardless.

Following happening from the past I have noticed that yahoo have been cryptocurrency friendly, and launching their own exchange will be a big development and will further strengthen the adoption of cryptocurrency by many potential users. This is one great news yahoo unlike others e.g Facebook welcome and promote cryptocurrency ads on the site.

I do not think this news will affect the market as the market is now down more then 3-5% and the reason is nothing but ordinary traders are short-term has set a profit. Yahoo Japan is a very different company from Yahoo Global. And the main thing is Yahoo Japan belongs to SoftBank and Altaba. It has involved hundreds of companies including Uber, Cruiser and some of the internet sales companies and the largest commercial websites in the world. It is a movement of large corporations that is filling potential in electronic money as a means of payment. The big players in the internet world slowly started paying attention to crypto money. Good news! now enterprise cryptographic exchange is common

Well its pretty obvious by now that this news didn't put a significant dent on the market because its like this news was 3 weeks ago but the market didn't move a bit. However, this is what we all love about Japan though, they are really setting the bar high and carrying the torch for crypto/blockchain to move forward. Japan’s Prime Minister Appoints Pro-Blockchain Figure as Minister of Science, Tech, IT (https://cointelegraph.com/news/japans-prime-minister-appoints-pro-blockchain-figure-as-minister-of-science-tech-it), so its going to be very interesting as all eyes are set on Japan as the leader of this new revolution.

This could be a turning point for yahoo. They have been an underdog for quite awhile after being beaten but the development of google and facebook. IF they end up connected to crypto which is the future of finance, they could really be earning some users to them again. Security is one of the best that they should offer to gain trust from us.

Yahoo Global is still a big name in the Internet Industry. Yes, this will not affect the market, but this might start a new era of legalization of Cryptos and making it more appealing to the masses.

Surely, many people will be interested in entering Cryptos if they here names of Big Internet Companies like Yahoo.

Untill they have a working exchange. Lets wait and watch.

This is the most technology forward thing coming out of Yahoo since they launched Yahoo Screen a few years back. Screen ended up failing because it could generate enough content or users. Cryptocurrency has similar challenges but the cult-like following of crypto ensures a greater opportunity for success if they can get the technology and distribution right.

Launching in Asia makes sense, but to be clear they're buying a 40% stake in an existing exchange...not launching brand new.

I hope this has the opposite affect as the "banning of Crypto Ads" by big conglomerates, where one starts a specific action and then the
competition does not want to lag behind, so a chain reaction of similar actions follows. Most of these big conglomerates look at the moves made by other companies and then they do the same.  ::)

We just need one spark to start the wild fire.  ;D

an amazing progress for Japanese yahoo, and I think that it needs appreciation from all parties so that crypto can be more developed and acceptable in many people in Japan ... digital crypto will always be Ubed

In the long run this news might bring positivity to the crypto community at large but for now its just a news to show whats coooking from them. we hope the dream is finally achieved. it will be one of the massive boost for cryptocurrency to go mainstream.

Great Achievement i like it because if every country have their own exchange then people of the country will more trust worthy and if A technological country like Japan is know that it is good for the economy and crypto currencies are increasing day by day while if more of the countries launch their own exchanges and ICO are also started with this aim that crypto exchanges will be started.

first time i hear about this... how reliable these sources are? yahoo moving into crypto might have an insane impact on the market in the long run

it's very positive, whether it's for Yahoo or crypto itself. For Yahoo, with the large public interest in crypto, their interest will indirectly make people return to their platforms. and for crypto, the more platforms that accept them, the greater the enthusiasm of people for crypto.

A reciprocal that is mutually beneficial, Yahoo once again won the trust of crypto holders and crypto again had the opportunity to grow at Yahoo, with the good news it will certainly have a big impact for both, Japan countries that have high technology progress and will provide a wider introduction with Yahoo and crypto.

http://
This is true. Hoping for more big companies or industries from the internet use crypto currency. This will probably benifit both market. People who uses bitcoin or cryptocurrency will use social medias and vice versa. This will be very effective in anyways. This should be implemented.

I think in near future will be many crypto exchanger launch. Many reputable company start to involve in crypto bussiness and i think good for crypto market. It will make more people knowing about crypto and start to invest their money to gain profits in market

News like this gives hopes for the one who is currently hodling for long term.. Because as of now there will be no effect about this news in the crypto market however in the next few months we will see the good effect of it when it become known to the people outside japan.

Yahoo seems to be not a trusted company to invest in.

Yes, we all know Yahoo has changed ownership and with him launching the Crypto exchange, it will be good for both Yahoo and Crypto. Both have similarities to rise and indeed the launch / collaboration must be carried out solely for the purpose of embracing more customers or users who will come using their platform and also crypto of course.

There is no doubt that Yahoo is a movement of very large groups. Which fills potential potential with crypto as a means of payment. Use of yahoo will greatly facilitate the use of bitcoin. And its investors and users can benefit greatly from Yahoo!

In many ways it is very glad news. Because Yahoo will run through the company. So much more people in the world would be interested in crypto coins. And crypto demand will increase in a lot of ways. As soon as the exchange starts, the price of coins will increase.

Well, I thought something like this would happen. when companies like Yahoo are interested in crypto. You're right, this is good for both. most likely, if yahoo succeeds in making this a whole, and not just in Japan. maybe this will be followed by other large companies. well, hopefully this is a very positive thing.

Well,that actually is a great news. Yahoo was always into crypto currencies. They know the potential of it and the benefits behind it. I suppose an exchange being operated by Yahoo will actually bring some light to the Japanese people. A well known company can spread out its good news with ease. It gets more better since they will be extending their services to other parts of the world. Lets see what happens after everything has been launched.

I think this is a very great news that now more and more people are now in crypto and now approximately there are millions of people around the world who are now investing into bitcoin and I guess everyone has just listen the news that Facebook has banned crypto ads over its page and then the Twitter and this result in the decrease in the valuation of their stock so this simply signees that how much people love bitcoin and I think this is very great initiative taken by the yahoo japan.

If this true then Yahoo Exchange will be the top exchange and bye bye for Binance. What will happen if Yahoo make it own coin? This will bring something good to the current market right. Something huge will happen if this gonna be true.

Yahoo have missed many opportunities with takeovers of other search engines, they don't want to miss the next boom which is crypto currencies. Getting an exchange will help to establish a foothold into this new industry

It is a very good sign for the whole crypto environment although it won't change the current price trends. In bear market price falls even if there are good news around.

Well it's good to know that Yahoo Japan is integrating blockchain and cryptocurrencies to make an exchange of it's own.
It certainly is a huge company and big companies implementing bitcoin is what is needed right now for bitcoin and the cryptocurrencies.
Although it won't affect bitcoin's price immediately but as soon as there is a development happening, the price might get a significant boost due to this.

Awesome news for crypto. It proves that big companies are now interested to accept bitcoin and crypto. I think when google,facebook this kind of company works for bitcoin, the bitcoin price will rise again like the last year.

I believe that Japan is the most liberal country to cryptocurrency. The first exchange trading Bitcoin appeared in Japan. And as we all can see - now Japan is the country that provides the most free conditions for cryptocurrency projects.

Japan is one of the countries that are developing today. And taking apart in crypto space will make everything more possible. Now, I know why Japan is well-known country in terms of innovating in technology. I hope I can also see a project made in Japan.

I think it's a good breakthrough made by Yahoo, because as we all know Yahoo's popularity is decreasing at the moment, Yahoo is targeting crypto fans who are developing at this time, to get their popularity back when other platforms are actually critical of crypto. I hope it's not just Yahoo Japan that launched this crypto exchange platform.

Im sure its a great crypto exchange and when we say “japan” you can always assure that it is at its best and loyal to people, even me im interested in that exchange when im already residing in Japan.

Yet another good news toward mass adoption. To add to it, a cryptocurrency friendly country, Japan, will be launching it. Hence, we can expect great things from it.

Good move I think, all this will be profitable of course if all of this will take place under the best scenario, and yet say nothing when the actions are not. We need to follow this news.

There has been a lot of good news lately about cryptocurrency.  New exchanges seem to be opening everywhere in addition to more crypto services for the average consumer.  The amount of Bitcoin ATMs are growing and more people are starting to learn about crypto.  All this positive news but the prices don't seem to be reacting to any of it.  It's a bit puzzling but I think whales are manipulating the prices down so they can accumulate.

For me its a very good news. Even though it will not have a very big impact to bitcoin market price but it is still a good one and will have an effect in people point of view about the current events happening to market. Some people are spreading fud that bitcoin is dead due to huge downfall since last dec 2017. These types of news is what we need to spreaf to boosts the morale of all crypto people.

Actually this news can help to people losing their hope
Nothing to bad to expect if that's news brings for cryptocurrency of bitcoin increase their price

That would be great since it would really add in the favor of crypto currencies. This would be another step to innovation and would like to promote more on crypto.

Obviously this is what we were looking for, in business as much you are popular you will grow automatically. Well this how it's going now. It a happy news for everyone and I hope other companies too have to follow this. I hope the value of BTC will increase now.

Yahoo is a big company, and he sees great opportunities in the Cryptocurrency business. So that they open a new exchange of Cryptocurrency, of course this will give crypto traders an option where they will buy their coins. and I hope there will be more and more large companies joining Cryptocurrency, so Bitcoin and Cryptocurrency are growing faster.

I dont think this news has been able to push the price of Bitcoin in anyway. I hate to sound a little bit pessimistic here but that's my truth. Japan is a known bitcoin friendly country. I don't think any news coming from there will impact majorly on bitcoin. We should be having positive news on bitcoin from sworn bitcoin enemy countries if we are to get the mass adoption we seek for bitcoin.

Do not believe on every story that you read over on the internet, it's just deceiving our mind to fall on their hidden agenda so that they could get a good profit from our ignorance. I think everything in the market was being manipulated by some high ranking rich people in the community. But Japan really has it again and i think it will bring a big impact to the community.

Yes, this is great news. Everyone knows about Yahoo, it's a huge company. Now they are coming with the crypto exchange, I hope very soon they will achieve their goals and achievements.

You do make a point about not believing in every story posted online cause some people use it as a means of manipulating the market price but I want you to know that the possibility of this exact story to be genuine is 90% because Japan have proofed to be a welcoming and friendly national even during the Chinese government rejection.

Bitcoin would have to be tiny really for news about just another exchange to really move the price. Maybe some years ago it would. But these days the market is much bigger and more mature I think.

Meh, Microsoft announced they would accept bitcoin and that did nothing for the price. Microsoft stopped taking bitcoin and that did nothing to the price. I don’t think it really matters at all.

maybe this doesn't change too much in exchange, but this will be one of crypto's future supports because YAHOO is one of the most widely used in the world at least everyone in the world can know crypto technology through YAHOO and this will bring in new investors

Despite the fact that the cryptocurrencies market is much bigger and mature as you said. I will never ignore the power posed by news/information had if I were you and i want you to ask yourself why did some project owner do crypto challenge/airdrop to increase their people visibility, traffic and price.

wow its good, when the twitter and the google block the bitcoin from their website and the advertisement, yahoo in Japann is make a development about the crypto exchange, i think yahoo have more plan than just make the crypto exchanger only, i think they have big plan for cryptocurrency

We all know that when bitcoin was introduced in 2009 a decade ago everyone was in against of bitcoin and that time bitcoin was completely decentralised crypto currency and there was no authorised regulating body over bitcoin but with time bitcoin has made tremendous progress and has made millions of investors around the world who are investing into bitcoin and then with time some nations also realised the potential of bitcoin and legalised it in their nation and its very happy news that yahoo japan is now opening crypto exchange.

Almost of the country in asia bitcoin is legal. And this news may encourage the other country that bitcoin still illegal. This maybe the step to legalize bitcoin in asia.

Almost all countries in Asia are bitcoin legal? According to your knowledge, which countries have legalized bitcoin? Can you tell me about this? Thank you.

My opinion about this is that it's nice to know more people know about btc to avoid being fooled by the unreal things like on the net.But there are still some things that are not as sure as the incognito mode is typical.

I am not agree with you. Maybe it will  not effect the market today but it will in near future. Japan is very important and rich country. And also those kind of good news is opening our cryptocurrency markets path in positive ways. It will not happen in one day, we have to wait with patience. The future is our..

I often see that Yahoo has become a partner of several ICOs, but I just heard that Yahoo Japan will launch crypto currencies, and in my opinion this is not news that will have a big impact on the price of crypto currencies

it simply tells you that, while certain people are still blinded with or by the view of the general public on the current issues and challenges they face and how it has made them not to want to invest in the blockchain and its related transactions. it is also making differences in certain areas and not been mentioned in the public until it is 100 percent ready for human usage.

It looks like Yahoo wants to be at the top once again. If you can remember, Yahoo is the top companies in Internet world until Google took the place. It is a good news for all crypto community that Yahoo will join the bandwagon of cryptocurrency.

It's nice to hear that Yahoo Japan gonna launch a cryptocurrency. Though it's just a news which isn't done yet. If it will take place crypto market gets some benefits at the same time investors will show much interest to be part of this market. So I think it will be a great time for the crypto world if Yahoo Japan launch soon.

If indeed it comes to reality, then that will be a very good news because it's going to raise the confidence level of crypto users and neutrals

Every popular company that will launch their own crypto exchange seems to be a good news.

They will bring new customers that can invest to their preferred assets in crypto. And since they are very well known not just an email provider, search engine, they have a lot of things that they also cover. At least yahoo japan is bringing the name of Yahoo! as a whole there that people can trust.

Why not?

From what I remember in like 2013 or so that actually caused a noticeable drop because all of the payment processors just insta-sold BTC to USD at the time. So the market expected some sell pressure presumably.