Could Japan ban ICOs?

[tunctioncloud]

There are obviously scam ICOs, but this is just a minor part, really. Most of them are promising projects, sometimes badly managed, this is true. I think they will not ban them, but rather look forward to stricter KYC requirements.

[Frank0209]

Bitcoin were born in here and Japan is one out of the first countries accept cryptocurrency for payment so I don't think they will act like China or Vietnam ). I think everyone will have to take their own risk if they want to make money by investing in ICO. There are no easy way to earn money and every way has its own risk so if a government ban a investing way just because it has some risk for investors I think they should ban all other investing ways not only ICO )

[subSTRATA]

It would be better if they regulate ICOs instead of banning them all.There are some scam ICOs ,but there are lots of good projects as well.Banning ICOs will be a bad decision ,because lots of cryptocurrency owners and investors will run away from Japan.
Anyway,i don`t believe that a mass cryptocurrency ban would happen in Japan.

this is the move i foresee as being the most likely; in the event japan moves to ban ico's, it would be because the administration determined that the ico scene was too sketchy, and decided that banning them outright would be the best interim solution until legislation were to be implemented that would regulate the projects and create a safe environment for its citizens to invest in. and as for your second point, ico's arent even necessarily tied that strongly to bitcoin. if japan were to ban ico's permanently, i think very few, if any people at all, would even consider moving out of japan just for the sake of investments. there's not much offered in taking that course of action, and unless ico investment was literally their only source of income, i dont think the option would even be considered. i dont know where you're getting that idea from.

[GorillaDental]

They could, but I think they'd first establish a set of high standards for them instead. Crypto seems to have a bright present and future in Japan, as they are eager adopters of new technology. They have a history of importing things and then modifying them to suit their tastes and needs. I'd expect they will encourage home-grown coins and protocols, too, but in a way that seeks to weed out the scams. Crypto is maybe one way their economy can start growing again. They also have an aging population, so it would be smart to facilitate look to long-term passive income streams, like serving as a reliable crypto hub...and holder of bitcoin, etc.

[LodisMcguire]

If they can't handle those scam ICO,i think they will start to regulate ICO to prevent such scam
Banning ICO is only when there are too much to handle for them and only temporary

[malikusama]

Ban over all the ICOs isn't a solution they need to find other way out, if this happen in Japan no doubt the scam will reduce but many promising ICOs will also suffer.
It is expected and they could ban it but as you have stated that Japan is powerhouse of crypto trading then may be it is possible that they would find other way out instead of banning.

[Fatunad]

Earlier,we saw china which was a dominant power in bitcoin trading banned all ICOs due to lots of scam projects.Following it,south korea took the same step and now vietnam.

Now every one's eye is on japan.Japan has been the powerhouse of crypto currencies having almost 63% of world's bitcoin trade.Already,many global companies have shifted towards japan and switzerland due to the crypto friendly environment.

Now,with increasing scam ICOs,could japan too take the same step?

And if it bans all ICOs,then what would be the immediate impact over the crypto world?

Kindly share your thoughts.

No one knows on what would be the decision of Japan regarding on regulating ICO if they saw that they would need to regulate it then for sure they would do that. I do somehow agree on regulating them to lessen the risk of scam projects which would lead up on losing money from its investors.If it is already being regulated then the risk of scam will be surely lessen.It wont really not totally affected majority  on its price.It can changed but would still able to recover up and when ico's are regulated then maybe thats the time i dont hesitate on investing.

[monsterous]

yes they can but not think will do because japan always support new technology and they see future of virtual money

[buwaytress]

I have seen more and more ICO projects move towards incorporating in neutral- or crypto friendly jurisdictions (Switzerland would be top of that list right now) but is it really true Japan is another? I have seen only ONE Japan-based ICO in my entire time here - granted it was an obvious scam and long before regulations for exchanges kicked in.

I'd be extremely surprised if Japan were to make such a move. It's just incongruent with any of their previous decisions relating to crypto. But it's completely with the grain to expect ICOs to come under the same strict regulation as exchanges. It would also be the next logical step, if not the smart one to ensure Japan becomes East Asia's ICO valley.

[anhhung409]

Instead of completely banning ICOs, I think the dirty Japanese will not do so because there will be so many people who want to invest or make it out of Japan. Instead, one can adjust or remove some fraudulent ICOs because there are many good and potential projects in the future.

[KingScorpio]

Earlier,we saw china which was a dominant power in bitcoin trading banned all ICOs due to lots of scam projects.Following it,south korea took the same step and now vietnam.

Now every one's eye is on japan.Japan has been the powerhouse of crypto currencies having almost 63% of world's bitcoin trade.Already,many global companies have shifted towards japan and switzerland due to the crypto friendly environment.

Now,with increasing scam ICOs,could japan too take the same step?

And if it bans all ICOs,then what would be the immediate impact over the crypto world?

Kindly share your thoughts.

i think the icos are a sign that people are fed up with ledning for state banks or from banking cartels,

and i also think this is a huge opportunity to created certified and cleared financial markets that are decentral and obtainable for ICOs

i made a suggestion in the meta arround it,

btw. bitcoin and its splits is also scam.

it is a burden for the infrastructure, and it will be banned or vill lose its vaue because many enterpreneurs will team up and create anti bitcoin cartels to destroy it.

regards

[Catmony]

They might regulate ICOs and bitcoin trading with more strict rules and terms but I don't think will just ban ICO like china and korea. I am also quite sure that those bans on ICO and bitcoin trading will be removed in china and korea within next few months after they will make standard terms to regulate ICO efficiently. Than all other countries where ICO is banned will copy those terms and regulate it.

[BillyBobZorton]

Earlier,we saw china which was a dominant power in bitcoin trading banned all ICOs due to lots of scam projects.Following it,south korea took the same step and now vietnam.

Now every one's eye is on japan.Japan has been the powerhouse of crypto currencies having almost 63% of world's bitcoin trade.Already,many global companies have shifted towards japan and switzerland due to the crypto friendly environment.

Now,with increasing scam ICOs,could japan too take the same step?

And if it bans all ICOs,then what would be the immediate impact over the crypto world?

Kindly share your thoughts.

I only know one thing: Bitcoin is being supported a lot by the Japanese government, to the point of seeing TV commercials about bitcoin (I saw this commented by a guy that actually lives in japan, so no bullshit history here). There are a ton of shops out there that support it, you can buy anything you want all over Tokyo with BTC.


ICO's are irrelevant. They ban ICO's? so what, more money goes into Bitcoin, that's the only that will happen, so as long as you are holding you will be ok. Stop stressing over ICO's.

[liuqi]

Instead of completely banning ICOs, I think the dirty Japanese will not do so because there will be so many people who want to invest or make it out of Japan. Instead, one can adjust or remove some fraudulent ICOs because there are many good and potential projects in the future.

Are you out of brain. Japan is the only government makes bitcoin as a legal money and implementing many business adoption with the bitcoin. They have installed bitcoin atm in their airport as well.
Korean done the ICO banned and followed by the very few countries only made ICO illegal in their countries.
I am sure that they will not ban ICO, if do that some legit ICO owners and investors also will affect because of that move.

[joebrook]

It would be better if they regulate ICOs instead of banning them all.There are some scam ICOs ,but there are lots of good projects as well.Banning ICOs will be a bad decision ,because lots of cryptocurrency owners and investors will run away from Japan.
Anyway,i don`t believe that a mass cryptocurrency ban would happen in Japan.

I have even heard that some people are using ICOs to find their illegal operation such as terrorism financing and others are laundering money all in the name of ICO.  The best thing to do is government making sure these are not scams and illegal operations.

[CoinFoxs]

There is a definite possibility that Japan will ban ICOs soon because many Asian countries banned ICOs and crowdfunding in their countries, have a look on this news published by Cryptocoinnews https://www.cryptocoinsnews.com/japan-may-no-longer-be-a-safe-haven-for-icos/ .

[BTCMILLIONAIRE]

Japan is way too hot on crypto to start cracking down on it like China. Keep in mind that Japan and China are vastly different countries with different mentalities too. While China loves to censor its people, Japan is much more forward oriented, perhaps due to their small size.
In either way, Japan has been a frontrunner when it comes to technology for a long time now, and I doubt crypto will be any different.

[mamesso]

no one believes this, I believe Japan is the best country for crypto how Bitcoin is developing very well there.
everyone is wearing it. there is no reason to forbid its citizens to invest in ICO. I am not sure.

[BTCMILLIONAIRE]

no one believes this, I believe Japan is the best country for crypto how Bitcoin is developing very well there.
everyone is wearing it. there is no reason to forbid its citizens to invest in ICO. I am not sure.

Bitcoin ATMs in Japan are still rare and overpriced. It's way at the front when it comes to shops though, considering Bic Camera accepts Bitcoins.

[annanava]

Earlier,we saw china which was a dominant power in bitcoin trading banned all ICOs due to lots of scam projects.Following it,south korea took the same step and now vietnam.

Now every one's eye is on japan.Japan has been the powerhouse of crypto currencies having almost 63% of world's bitcoin trade.Already,many global companies have shifted towards japan and switzerland due to the crypto friendly environment.

Now,with increasing scam ICOs,could japan too take the same step?

And if it bans all ICOs,then what would be the immediate impact over the crypto world?

Kindly share your thoughts.

I don't believe that Japan will follow the same steps as China, because it is even more liberal with all things, including cryptocurrency. Also that Japan has the most number of transaction, making profits to the country itself. I don't think that there is an alert on it. So start invest in projects like propthereum.io