Japan starts registering exchanges

after China goverment and Korea goverment want block ICO and ban bitcoin. Japan will be the lead country in crypto currency world

Very good news from Japan. This will take the cryptoworld to the next level

At least some good news between all those governments regulating and banning ICO's or even possibly Bitcoin.

I'm curious though, why didn't they name any of these exchanges? Or did I just miss reading them as I couldn't find the list. And wasn't there a LOT more exchanges that applied, according to the authorities themselves? What happened to the rest of them? What would be news also for us is what were the criteria and who were the ones that did not meet them.

I'm just curious to see how this regulation works out.

It should not affect much. Even the thought of a ban in China had little lasting effects. There will likely be some action over there as the people buy quick before the regs, but that is nothing but good news and after that they will still have less regualted options, they always do.

I don't think it'll affect much but on the positive side, it's a good thing. If you're earning or trading then why do you want to evade taxes.? Take it positively, at least one government has understood the potential of blockchain.

i have read that a lot of japan exchanges got their licence so japan will be the new market for chinese people
would be interessting what china would do now ! because they have to react.

Huh

I think its a good news I know Im not yet too familiar in bitcoins and altcoins but since price are volatile this step of Japan would bring more demands of altcoins in the market and off course could bring prices to pump.

This is a right step forward for cryptocoins. I think most part of people just dont trust in crypto now or dont know about it. But when government starts register exchanges it means, that government supports crypto and understand that is future. Japan is only beginning.

what are some of the top exchanges in Japan?

Excellent news. The future of Bitcoin and the crypto world just keeps getting brighter and brighter.

Quote from: CTO@MyBitMine on October 03, 2017, 10:08:53 PM

How lovely it is! I wish it would happen also to all countries. I get more interested in this thing because I've been wishing that this would really happen soon. I just worry if my country won't get the same success that Japan is getting soon. My country has been suffering from crimes that spread from time to time. It is bothersome and kinda blocking success of bitcoin in my place so it has a slow development. Anyway,I have my support to Japanfor as long as they can help other country too.

This sounds like a very promising news. Japan is one of the world's biggest economies and surely one of the technologically more advanced ones, so this could have really a good impact on the perception of cryptos worldwide.

Quote from: Tipstar on September 29, 2017, 01:19:11 PM

Japan on it's move to regulate cryptocoins, has started licensing exchanges operating inside it's jurisdiction.
https://www.bitsonline.com/japanese-exchanges-licenses/

Quoinex becomes the first to get such license followed by bitflyer.

So, are we going towards more kyc, identity verification, source of income, income tax, profit tax, remittance tax?

All should remember that states never legalised bitcoin, bitcoin was created "illegal" and many exchangeplattform opperators got imprisioned.

regards.

Quote from: Tipstar on September 29, 2017, 01:19:11 PM

It was promising news which will really contribute to the growing adoption of crypto all over the world. I pity Japanese crypto users though, they need to pay tax with their crypto transactions just because it will be regulated but even if that is the case they might be happy about it because they can use it in their daily lives now.

In many countries. When you don't believe in encrypted money. Japan is following up on encrypted currency transactions. Have to admire their super strong consciousness. The future is the main battleground of encrypted currencies. Who controls the encrypted currency controls the dominance of the future market. Very optimistic about Japan's move

good to hear that. japan as always adopting technology to their daily activity. this is what we need, a regulation that support cryptocurrency that make cryptocurrency becomes more solid and bigger

Quote from: Tipstar on September 29, 2017, 01:19:11 PM

Good job for the Japanese government they are just protecting the people and the country from fraud so for me it's move is nice. They can only regulate exchanges not crypto's. Here in my country exchanges has been regulated too and we've had no problems so far. I know that they are monitoring in every transaction we had but that is what all they can do. We remain anonymous in our transactions online and why should I be afraid of exposing my transactions to them if I only withdraw small amount of money from my earnings online? I never tried to have bigger amounts of coins stored on my wallet maybe soon. Grin

But the only downside on these exchanges is that they put a limit on the amount we are going to withdraw if we are not a verified user then we can only withdraw smaller amount of money from our Bitcoin wallets or other crypto wallets. We can be secured through regulating from scam right? So why are worried about these things? Are we doing something illegal? It does'nt matter if governments regulated exchanges and put taxes in it because it is for our dear country and we are safe to store our funds in them without the doubt of them running your funds away. Take note that we only pay taxes once we withdraw our coins using exchanges not to the extent of every single transactions we made and need to pay taxes because exchanges is different from wallets.

Goodnews for all bitcoin holder

Most Asian countries have never seen coin otherwise. Most of them forbid the virtual currency but Japan and Korea are two big countries in Asia to contribute to the virtual currency become legalized. However, it will be very difficult, but I still hope that the exchange of virtual currency becomes legalized and like we play securities or real estate.