[2015-08-24] Japan is Planing to Regulate Digital Currency

[Blawpaw]

Japan is Planing to Regulate Digital Currency

As international calls grow for tightening control of digital currencies due to the risk of their abuse for money laundering and terrorist financing, the Japanese government declared it was weighing...

Read more:

http://www.newsbtc.com/2015/08/24/japan-is-planing-to-regulate-digital-currency/

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[Kakmakr]

I am not one to advocate regulations, because I feel it is killing innovation but if you have to regulate it to protect consumers or to prevent crime, you just do it with limited restraint. If you go to the extreme, like the BitLicense in New York, you will just close that market and make a few individuals rich.

I just hope they did not scare too much due to the MtGox incident and wants to punish the Bitcoin community for that scandal. Mark is to be blamed for that, not the whole Bitcoin community. ^frustrated^

[goxed]

Don't regulate currencies, regulate the exchanges. Make sure they use good security practices to secure users' coins on the exchange and have a tight noose over the operators. MtGox, igot, etc are bad publicity for BTC.