How Japan make a move after lost trust 3 years ago

[dihari]

"We lost trust on bitcoin three years ago and the majority of people still don’t believe in it in Japan. This is the time to recover the trust so large corporations will enter the market with various business use cases. This will eventually bring a wider range of attentions and make a bigger bitcoin-blockchain ecosystem." Kagayaki Kawabata, Business Development Lead at Coincheck, another major Japanese exchange.

https://news.bitcoin.com/japan-regulations-bitcoin-exchanges/

[ASHLIUSZ]

Japan is now focussed towards the growth of blockchain technology in all firms starting from manufacturing to service sector. Recently Japan's blockchain consortium has got more than 100 member companies in just a year after inauguration. Now the adoption of blockchain companies getting increased. On account of this it's planned for an subcommittee to work on further spreading of blockchain on banks and financial sectors to come forward to work on it.

[shinratensei_]

"We lost trust on bitcoin three years ago and the majority of people still don’t believe in it in Japan. This is the time to recover the trust so large corporations will enter the market with various business use cases. This will eventually bring a wider range of attentions and make a bigger bitcoin-blockchain ecosystem." Kagayaki Kawabata, Business Development Lead at Coincheck, another major Japanese exchange.

https://news.bitcoin.com/japan-regulations-bitcoin-exchanges/

I know about that, but it seems like the japan must encourage his local companies for use bitcoin before trying to get into the another massive scale. But the scalability of the bitcoin block chain was prevented by more adoption to get on the bitcoin.

[pooya87]

this is a bit of a strange news to me!
i have been hearing many good news coming from Japan and the biggest one was Japanese government announcing bitcoin as a real legit currency. and i doubt that a country would do that if "they lost trust on bitcoin"!
maybe someone from Japan can tell us more because i do not trust what i read on shitty news sites any more.

[davis196]

this is a bit of a strange news to me!
i have been hearing many good news coming from Japan and the biggest one was Japanese government announcing bitcoin as a real legit currency. and i doubt that a country would do that if "they lost trust on bitcoin"!
maybe someone from Japan can tell us more because i do not trust what i read on shitty news sites any more.

Japan is a tech-friendly nation and they love innovations, i`m suprised that they "lost trust" in bitcoin.
The Japanese financial system is a joke,their debts are huge and their national currency is weak.
They have to adopt blockchain+bitcoin and this will be a huge progress for us and them.

[ladydark]

this is a bit of a strange news to me!
i have been hearing many good news coming from Japan and the biggest one was Japanese government announcing bitcoin as a real legit currency. and i doubt that a country would do that if "they lost trust on bitcoin"!
maybe someone from Japan can tell us more because i do not trust what i read on shitty news sites any more.

Bitcoin, one of the world's largest economy has started once again showing importance to bitcoins.Due to Mt gox bankruptcy,once they lost their trust in bitcoin.But now,situations have changed and once again people are interested to invest in bitcoin.

[Victorycoin]

Japan is a tech-friendly nation and they love innovations, i`m suprised that they "lost trust" in bitcoin.

Mt. gox was indeed bad news and many more people were not as informed about Bitcoin as they are today. And now, Bitcoin is fast maturing and its role as a seamless means of international payment is not something to pass up by a country that relies heavily on exports.

The Japanese financial system is a joke,their debts are huge and their national currency is weak.

Well debt is a part of every nation, that is one of the faults of the monetary system the world embraced and there is no end to it, except creation of credits and mindless printing of money backed by nothingness stops, but I doubt it ever would!

They have to adopt blockchain+bitcoin and this will be a huge progress for us and them.

That is the obvious way forward for any country that is seeing the future, but from what the article appears to be saying, I think there is still a dark side to it:

Kawabata explained that “there are various requirements we need to comply with to continue our exchange business,” he said. “As an operating exchange, KYC/AML and paperwork are probably the heaviest part. We need to comply with strict KYC requirements similar to banks which cause new users’ KYC process to be somewhat complex”.

Am afraid, if strict KYC/AML similar to banks is a part of it all, then it is no longer all about Bitcoin!

[pearlmen]

"We lost trust on bitcoin three years ago and the majority of people still don’t believe in it in Japan. This is the time to recover the trust so large corporations will enter the market with various business use cases. This will eventually bring a wider range of attentions and make a bigger bitcoin-blockchain ecosystem." Kagayaki Kawabata, Business Development Lead at Coincheck, another major Japanese exchange.

https://news.bitcoin.com/japan-regulations-bitcoin-exchanges/

This is good news from that end but man needs to know one thing about trust is that, once its lost, it becomes more difficult to recover. And since its coming at this time after the negative news last week, I cant but say its good news all the way. I also think its high time countries start seeing the benefit of bitcoin and start tapping from its wealth to a better use.

[dihari]

this is a bit of a strange news to me!
i have been hearing many good news coming from Japan and the biggest one was Japanese government announcing bitcoin as a real legit currency. and i doubt that a country would do that if "they lost trust on bitcoin"!
maybe someone from Japan can tell us more because i do not trust what i read on shitty news sites any more.

Dude, I think you are not read all of the alphabet on this thread, I guess you just read this title and one line of the paragraph. That's a bad habit to write a comment before read the entire article.
Japan has lost trust on bitcoin since 3 years ago one of the biggest exchange in Japan, mt. Gox, got hacked and make them collapse. And now there is a big move to bring back peoples trust on bitcoin with regulation exchange.

[gredisgold88]

trust is expensive. but if it is true, comeback large enterprises in Japan will use bitcoin, this is fresh news, and has established traders to play better. This may be stretching the bitcoin price to $ 2500 figure.

[pooya87]

this is a bit of a strange news to me!
i have been hearing many good news coming from Japan and the biggest one was Japanese government announcing bitcoin as a real legit currency. and i doubt that a country would do that if "they lost trust on bitcoin"!
maybe someone from Japan can tell us more because i do not trust what i read on shitty news sites any more.

Dude, I think you are not read all of the alphabet on this thread, I guess you just read this title and one line of the paragraph. That's a bad habit to write a comment before read the entire article.
Japan has lost trust on bitcoin since 3 years ago one of the biggest exchange in Japan, mt. Gox, got hacked and make them collapse. And now there is a big move to bring back peoples trust on bitcoin with regulation exchange.

i am not going to waste my time readin "bitcoin news sites" anymore, they are just posting random useless articles with 0 facts and what they write is a click-bait in 99% of the time, if that's what you mean by "read all the alphabet"!

and Mt Gox hack or better say scam is from 2013 (4 years ago) and people have come back right after that incident not just now. and besides Mt Gox was located in Japan but wasn't limited to Japanese people!

additionally if you take your time to check out Japan 24 hour trading volume and its history you can see where you are wrong and why i said what i said and why i am no longer reading bitcoin news sites.