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Title: Japan's regulation process can become success story for other countries Post by: nareshrohra on September 28, 2017, 06:08:37 AM Japan's regulation authority is planning to put bitcoin exchanges under surveillance. I think this is a good move and could become an example for other countries on how to regulate exchanges instead of banning them. Based on the article it is also mentioned that 5 companies applied for exchange have pulled back their application citing not able to meet requirements. Which is a good thing to shed out small, unreliable exchanges and allow for more responsible & committed participants
https://news.bitcoin.com/japans-financial-authority-surveillance-bitcoin-exchanges/ Title: Re: Japan's regulation process can become success story for other countries Post by: gabmen on October 01, 2017, 01:17:52 PM Japan's regulation authority is planning to put bitcoin exchanges under surveillance. I think this is a good move and could become an example for other countries on how to regulate exchanges instead of banning them. Based on the article it is also mentioned that 5 companies applied for exchange have pulled back their application citing not able to meet requirements. Which is a good thing to shed out small, unreliable exchanges and allow for more responsible & committed participants https://news.bitcoin.com/japans-financial-authority-surveillance-bitcoin-exchanges/ Well at the very least, japan is open to the idea of having btc usage widely implimented there. No bans, just a couple of regulations which, if you think about it, is necessary to avoid some negative aspects of crypro to be taken advantage of |