Could Japan Possibly ban ICO’s

[Manutax]

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

[Tesorex]

They have decided to postpone the ban after they saw cryptos has community members like you. they know users like you couldn't do anything harmful, just read your own title.

[Manutax]

Thanks. No offence taken. The issue is a critical one...so I hope all community members are prepared for this eventuality, if ever it happens!

[Pawalkalyan]

No I dont think.It is just FUD.Japan is the only country that is supporting crypto currencies since starting.Japan will continue it supports.

[Chiyoko]

 Im hoping that this will not happen.

[kiwasmose]

Now, what's possible?. If that's true. I think it's necessary. This year, ICO has a lot of tricks and cheats a lot of people. Block chain is not financing, this time I hope Japan can ban ICO

[mondobitcoin]

It is possible, after what happened in china
But i still can't understand why China want to ban cryptocurrencies and ICOs...
I think that they aren't a illegal things

[pugman]

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

ICOs are no longer worth the time and hype anymore I guess. Trading is gone to a next whole different level. You're going to see pretty much every country regulating ICOs sooner or later, once they realize on how it works. The scam ICOs have made the good and honest ones also untrustworthy and this may not result good in the future. And Japan is one of the very few countries that is with crypto currency and if they are banning ICOs and then surely others will follow up.

[prehisto]

It is possible, after what happened in china
But i still can't understand why China want to ban cryptocurrencies and ICOs...
I think that they aren't a illegal things

illegality id defined locally  

My answer is - Yes, there will be ban on ICOs in Japan. The market will bleed and and rebound after that same as it was with China.

[Manutax]

If there is a way of harmonising regulation, it will help in giving credibility to the whole process of approving ICO’s. Crypto project  ICOs need regulations so institutional monies can start flowing in and also for the protection of retail investors.

The community also has a role to play by coming up with certain standards which projects need to comply with before launching of ICOs. There is much to be learned from various failed ICOs which can help in plugging holes and making future ones more credible!

[Herbert2020]

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

yes they could and also they will surely soon ban ICOs. they are not legal in any country to begin with, it just leaves making the illegality of it official. many other countries have also moved ahead with making ICOs illegal and some others that are left behind will soon follow steps.

this has no effect on bitcoin whatsoever because bitcoin doesn't have any ICO and people participate in ICOs with other tokens, mostly with ETH. so it may affect those instead.

[Reatim]

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

Of course they can do whatever they want they, specially if they think it will bring good balances to the market. But since Japan is bitcoin friendly, I don't think they will ban ICO but rather put a regulation on it. They will not go to the route of China. They have invested so much on cryptocurrencies I don't think that banning it will be their last resort.

[U]

Better not like China did.
ICO ban surly will slow blockchain dev.

[andthereyou]

Better not like China did.
ICO ban surly will slow blockchain dev.

Maybe it will slow the development as what you have said however it will only show strong crypto market is.

I don't think Japan will ban ICO. They were very supported to cryptomarket. But still we don't the future so it is still possible they will decide to ban ICO. Thus let just prepare for the outcome whether it's good or bad.

[irsada]

where do you see news like this?
can you show the site or anything that can be trusted?
and I think this is just unclear news to the originals.

[Almat]

It's possible. Most of them are scams, so something must be done. There should be no lasting impact on cryptos that have nothing to do with ICOs, such as bitcoin.

[Wind_FURY]

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

Always share the source of the news. Thanks.

As for the ban on ICOs, they should in my opinion. They are becoming a means for scamming the people of the community. I know some of you have made some Bitcoins by buying and dumping them but what about the losers in the trade?

I hope a ban will impact Bitcoin positively because of less competition in the market. But if a ban cannot be implemented, they should at worst regulate it.

[eagleman]

News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

Where's the link for this? They can possibly ban ICOs and they can simply focus to bitcoin because they are not into many types of currencies that makes the heads of each Japanese crazy. We know on how Japan is one of the biggest market movers of bitcoin and this will give a big effect to the price of bitcoin. Remember on how China did it, everyone was into watching the market on how it will be surviving because of the ban but later on we survived even without them, so the same thing can happen.

[Kakmakr]

A lot of these governments are rushing into these decisions. The first option should never be to simply ban all ICO's. You will destroy a vibrant new innovation and also a functional alternative to the current funding of new business ideas. They should start with proper regulation to protect the tax income that might be generated from this technology/industry.

How do you really ban ICO's that are funded by a decentralized currency? People will just find other illegal ways to invest in these ICO's. ^hmmmmm^

[Manutax]

This news of a possible ban of ICOs by Japan appeared on Forbes

https://www.forbes.com/sites/elaineramirez/2017/10/15/japan-ico-ban-indiesquare-higashi/#2c07a089213e