Japan Endorses 11 Bitcoin Exchanges

[shamzblueworld]

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

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[Kencha77]

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

At least there's still a east asian country that fully supports bitcoin and also have no plans to ban ICO's (unless there will be a big ICO scam in the near future which may make the japanese government rethink of their decisions). Let's see if which east Asian country will be benefited most with the decisions that they made

[mk4]

"In a prime example of real-world adoption, Japan’s Financial Services Agency (FSA) just endorsed 11 cryptocurrency exchanges, giving them official licenses to sell Bitcoin, Ethereum, and other altcoins to Japanese customers." Good lord, FINALLY. After a whole month or two of having nothing but bannings and FUD, we finally have some positive news for once. Kudos to Japan; hopefully we get more positive news from other countries in the future.

[mamaita]

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

At least there's still a east asian country that fully supports bitcoin and also have no plans to ban ICO's (unless there will be a big ICO scam in the near future which may make the japanese government rethink of their decisions). Let's see if which east Asian country will be benefited most with the decisions that they made

I hope that other countries in Asia will support the policy adopted by Japan about bitcoin, and the effect will be so great because we know that Japan is also a country with an economic and technological influence if it is acceptable to accept bitcoin as its payment, only, bitcoin known to the public

[Juggy777]

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

This is some amazing news for everyone who's holding their Bitcoins or has purchased them recently. After the China mess, I am sure this will come as a big boost for every stakeholder. I feel we will go to Mars if not Pluto, I feel the Bitcoin price wagon shall shoot up and up. It's only matter of days before it happens. A huge upswing for sure is coming. I feel this shall set another record for us.

[pooya87]

it is funny how when Japanese regulate exchanges, everyone is happy and present it as a good news. but when other countries try to do the same thing it is considered bad news! weird. of course there is a tiny difference that Japan didn't close the exchanges first but the result is the same.

~
At least there's still a east asian country that fully supports bitcoin and also have no plans to ban ICO's (unless there will be a big ICO scam in the near future which may make the japanese government rethink of their decisions). Let's see if which east Asian country will be benefited most with the decisions that they made

how would you know.
they may soon ban ICOs if they haven't already. you do realize that ICOs have nothing to do with exchanges, altcoins, bitcoin, trading,...

[dacsee]

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

Very good news for Japan, Asia, ASEAN, and the rest of the world.

We evolve one step at a time. Unstoppable.

[makishart]

"In a prime example of real-world adoption, Japan’s Financial Services Agency (FSA) just endorsed 11 cryptocurrency exchanges, giving them official licenses to sell Bitcoin, Ethereum, and other altcoins to Japanese customers." Good lord, FINALLY. After a whole month or two of having nothing but bannings and FUD, we finally have some positive news for once. Kudos to Japan; hopefully we get more positive news from other countries in the future.

Can't say more that they're really tech friendly country among other in this world. Japan deserve to be a country with highest level of tech advance around in this world by the future.

it is funny how when Japanese regulate exchanges, everyone is happy and present it as a good news. but when other countries try to do the same thing it is considered bad news! weird. of course there is a tiny difference that Japan didn't close the exchanges first but the result is the same.

~
At least there's still a east asian country that fully supports bitcoin and also have no plans to ban ICO's (unless there will be a big ICO scam in the near future which may make the japanese government rethink of their decisions). Let's see if which east Asian country will be benefited most with the decisions that they made

how would you know.
they may soon ban ICOs if they haven't already. you do realize that ICOs have nothing to do with exchanges, altcoins, bitcoin, trading,...

The acceptance which come from other countries is not a bad news, but, the regulation that bring disadvantages to many bitcoin users from that country is such a bad news.
Have you seen the reaction of people when USA officially recognise bitcoin but as digital property.

[kevoh]

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

I think the impact on the bitcoin market will be positive as recent bitcoin market value/price indicates being bullish.

[ariyaromadhona96]

I think its a good move , because as far as we know , that btc is future of finance , it only matter of time before other countries legalized Bitcoin, before Bitcoin only used for bad purpose like drug porn and money laundering , better accept it and give it a law about Bitcoin

[jseverson]

Demand will increase in Japan, definitely. Japan has always been an early adopter when it comes to technology, and the fact that they are welcoming crypyocurrencies with open arms is a sign that the technology has a legit future. This also creates precendence that other countries could follow.

The Reuters article does state that there are 12 exchanges that decided to close its doors though. The article does not state the reason behind their closure, but I assume it's because they cannot comply with requirements. It just goes to show that regulation is not all good.

[TheQuin]

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

I would think it will be a very positive impact on the market, the price is certainly looking strong this morning. For all the fear of regulation in the crypto world, this should at least make people a little more confident in the exchanges, ie reduce the fear of gett Gox'd again. That, in turn, will help widen the adoption of Bitcoin to many people that don't trust it now.

[Emoclaw]

"In a prime example of real-world adoption, Japan’s Financial Services Agency (FSA) just endorsed 11 cryptocurrency exchanges, giving them official licenses to sell Bitcoin, Ethereum, and other altcoins to Japanese customers." Good lord, FINALLY. After a whole month or two of having nothing but bannings and FUD, we finally have some positive news for once. Kudos to Japan; hopefully we get more positive news from other countries in the future.

Can't say more that they're really tech friendly country among other in this world. Japan deserve to be a country with highest level of tech advance around in this world by the future.

it is funny how when Japanese regulate exchanges, everyone is happy and present it as a good news. but when other countries try to do the same thing it is considered bad news! weird. of course there is a tiny difference that Japan didn't close the exchanges first but the result is the same.

~
At least there's still a east asian country that fully supports bitcoin and also have no plans to ban ICO's (unless there will be a big ICO scam in the near future which may make the japanese government rethink of their decisions). Let's see if which east Asian country will be benefited most with the decisions that they made

how would you know.
they may soon ban ICOs if they haven't already. you do realize that ICOs have nothing to do with exchanges, altcoins, bitcoin, trading,...

The acceptance which come from other countries is not a bad news, but, the regulation that bring disadvantages to many bitcoin users from that country is such a bad news.
Have you seen the reaction of people when USA officially recognise bitcoin but as digital property.

The fact that Bitcoin is recognized as an asset rather than a currency in USA brings no disadvantages whatsoever.
In fact it's better because the government doesn't tax it directly (they can't even if they wanted to but still). You're taxed when converting to FIAT though, which isn't the case in other countries but it's good.

[Harlot]

Well in terms of prices I think that the prices will be competitive and what I mean by competitive is that the prices will decrease but not that much but it will still be based on its current fair market value. In terms of volatility it will still be the same as buying and selling of Bitcoin won't be change and by having 11 exchanges we can expect an increase in volume if a lot of Japanese will try to make profit in the cryptocurrency market which I think they would.

[Doms]

This just goes to show that bitcoin would continue to be in demand in Japan while its neighbouring countries are still figuring how to deal with exchanges. Must have been because of the explosion in the demand in bitcoin ever since it was recognised as a legal tender back in April, with many big and well-known merchants making it known that they are in full support of accepting bitcoin. And with the demand still on the rise, we can expect that more exchanges are going to submit their application to have a share of this multi-billion dollar business.

[ivrynx]

Japan is proving to the whold world now, why japan is independent of other countries, not only in advancement in technology but also when it comes to the future of cryptocurrencies. Japan's move, after the shutdown of exchanges from china and sokor, will only mean, more and more traders will go to japan's exchanges, not only that people would rely on japan, their exchanges will surely be trusted, knowing the discipline of japanese people, this will only bring them more income. Hopefully, other countries will follow the example of japan, instead of breaking down their exchanges.i think japan will be among ghe leading country that will succeed in cryptocurrencies because of this move, and once they do, i think other countries might follow, kudos to the japanese.

[Lucas 777]

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

also i read Japan have more effect than china in bitcoin so that  prices may be touch 5000$

[Loni]

That is good that bitcoin grows in popularity in increasing number of countries.
Global leadership of bitcoin is not far off.

[LFC_Bitcoin]

Superb news! Go Japan, looks like we can expect more price rises in the future then

[valentin68]

Good news to hear. Japan will be soon followed by China. Thus about (1/5)th of the world population will be involved and know about bitcoin. The last two weeks the bitcoin price was around 3500-4200, this will definitely help and decide the bitcoin price to continue to appreciate. Very good news, I am waiting for when Japan will be also involved in farming bitcoin for all the world.