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Author Topic: Japan to Call for Crypto Rules at the G20 Summit  (Read 186 times)
pxo.011
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March 15, 2018, 07:18:03 AM
 #1

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.  

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/
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March 15, 2018, 07:31:59 AM
 #2

Not certain if this is positive or negative news. It could be either. Japan has been content to live under the directives of the united states in the past and mirrored much of US economic policy. At the same time, japan has shown a will to become more independent. They recently built "helicopter destroyers" which are disguised pocket aircraft carriers capable of deploying fixed wing aircraft. This goes somewhat against terms of japan's surrender during World War II which prohibited them from building aircraft carriers. Germany likewise was prohibited from building many types of warships after World War I, which goes to show how ineffective those types of surrender terms can be.

There is a chance japan will echo the sentiments of central bankers with their anti crypto stance.

But there is also a chance japan will announce rules which protect the long term value of bitcoin as part of their recent independent streak. Guidelines which call for a cessation of trading on crypto exchanges if bitcoin's price declines by a certain amount could be implemented. Capital gains taxes or fees which encourage long term HODL rather than short term speculative daytrading could also be standardized to encourage long term value in bitcoin.

No matter how things pan out, we will know the answer soon enough.

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March 15, 2018, 07:36:09 AM
 #3

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.  

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/
The Japan did it because they concern for other countries that strict in cryptocurrency when it comes in regulation. I hope this event will change the other countries to be legal the cryptocurrency. And I think this is the good start for crypto.

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March 15, 2018, 07:44:04 AM
 #4

Japan has been the most progressive when it comes to adoption of bitcoin and cryptocurrencies.

I believe that they will be pushing for the regulations and ensuing adoption of bitcoins and cryptocurrencies.

This will be the good news that we are all waiting for.

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Dreamchaser21
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March 15, 2018, 07:56:25 AM
 #5

We cannot so sure about this news, and we cannot say if something good will happen but of course we want this kind of news to be true. Japan is one of the best place to use cryptocurrency, and this can also have a good impact on cryptomarket, I believe cryptocurrency will play a great role in our currency.

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March 15, 2018, 08:01:26 AM
 #6

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.  

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/

The probability of this meeting will be the centralization of the crypto currency which will affect the anonymity and the volatility of it. This will be a bad omen for us because government will most probably want to control the flow of cryptocurrencies.

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March 15, 2018, 10:24:26 AM
 #7

Not sure whether the news is good or not, we just wait for clarification from related parties hopefully the positive effects of crypto in each country gets a clear legality, whether crypto will be set completely? or not? we just wait

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March 15, 2018, 11:30:55 AM
 #8

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.  

read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/
It is very interesting what legal regulations they want to propose. I do not think that they want to ban crypto-currencies or to establish strict limits to their use, since Japan has a positive impact on their development.

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March 15, 2018, 11:47:06 AM
 #9

Japan has been the most progressive when it comes to adoption of bitcoin and cryptocurrencies.

I believe that they will be pushing for the regulations and ensuing adoption of bitcoins and cryptocurrencies.

This will be the good news that we are all waiting for.

Yeah, really progressive I must say, with an impressive bold step from them. From the look of things and the assumptions that has been raised with the legalization and regulation of the cryptocurrency space leading to an increase in the GDP of Japan, that should be enough reason for any country to want to embrace the idea.

The G20 summit is just around the corner anyway, and like they always say in an adage; 'whoever the bride is being brought to, does not peep!' So we have time to wait and get to see the outcome.

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March 15, 2018, 11:51:59 AM
 #10

Japan is the most technologically advanced country, but it is too small to be decisive. But her voice is very important to us. I hope that if the summit does not take a positive decision, Japan will unilaterally legalize the use of cryptocurrencies on its territory by citizens of other countries. This will give us the opportunity to use a Japanese stock exchange.
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March 15, 2018, 12:39:48 PM
 #11

I have mixed feelings about this move but after reading the article
and noting this line:

According to one of the Japanese officials quoted by Reuters,
“the trick will be to apply regulations to protect consumers and prevent
illicit activity, without stifling innovation in the fast-growing
cryptocurrency and fintech sectors”.


I am a little more positive than I was. We all know by now of Japans
positive relationship with crypto so we would like to think as per the
above extract that they want to see innovation and growth in the
sector.

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March 15, 2018, 01:27:22 PM
 #12

The digital cryptographic currency industry is booming in Japan, and the digital encryption economy is driving the development of Japan's economy.

They called for tighter regulation to promote better acceptance of digital cryptographic currencies by the international community.
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March 15, 2018, 01:42:58 PM
 #13

If this news is true this is good news for the world of cryptocurreny hopefully with the discussions of crypto in G20 Summit make crypto more popular by public and make more and more country that legalize cryptocurrency.

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March 15, 2018, 01:47:34 PM
 #14

Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union.  

Seems like a wonder when Japan is the country that is standing up and trying to lay down the rules while getting other countries involved in the mix. This is going to make the air clear about 'regulating cryptocurrencies and countries would come down to a common agreement while pushing for a move towards making breathing room for the crypto market.


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March 15, 2018, 01:54:00 PM
 #15

Not certain if this is positive or negative news. It could be either. Japan has been content to live under the directives of the united states in the past and mirrored much of US economic policy. At the same time, japan has shown a will to become more independent. They recently built "helicopter destroyers" which are disguised pocket aircraft carriers capable of deploying fixed wing aircraft. This goes somewhat against terms of japan's surrender during World War II which prohibited them from building aircraft carriers. Germany likewise was prohibited from building many types of warships after World War I, which goes to show how ineffective those types of surrender terms can be.

There is a chance japan will echo the sentiments of central bankers with their anti crypto stance.

But there is also a chance japan will announce rules which protect the long term value of bitcoin as part of their recent independent streak. Guidelines which call for a cessation of trading on crypto exchanges if bitcoin's price declines by a certain amount could be implemented. Capital gains taxes or fees which encourage long term HODL rather than short term speculative daytrading could also be standardized to encourage long term value in bitcoin.

No matter how things pan out, we will know the answer soon enough.

It's positive news.

Japan is further advanced on crypto experience and crypto regulation than any other country. They are the ones who dealt with the MtGox collapse for example. So this is their big chance to shape international rules, simply because they have more hands on experience in this field than anyone else.

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March 15, 2018, 01:55:00 PM
 #16

If this news is true this is good news for the world of cryptocurreny hopefully with the discussions of crypto in G20 Summit make crypto more popular by public and make more and more country that legalize cryptocurrency.
Yeah  it's a welcome development that  a union of  countries are trying to minimize the risk of o  rypto currency, but if they will  change the true  character of bitcoins like  being decentralized and  anonymous  it seems  that they changing the real bitcoins into their own  currency.

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March 15, 2018, 01:55:16 PM
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 #17

Either way it's good for publicity. All these noise will help to expand another bull market for whole crypto space in a year and half or so.
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March 15, 2018, 02:02:41 PM
 #18

We cannot so sure about this news, and we cannot say if something good will happen but of course we want this kind of news to be true. Japan is one of the best place to use cryptocurrency, and this can also have a good impact on cryptomarket, I believe cryptocurrency will play a great role in our currency.

Japan is actually very advanced and their progress in the adoption of the cryptocurrencies is actually fantastical. I also hope like most of us here that the future progress of the cryptocurrencies will be possible and that more regulation regarding security will be implemented.
I'm actually curious about this event which will for sure be revealing for the ones that still ain't acquainted with the cryptocurrencies.

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March 15, 2018, 02:04:51 PM
 #19

If this news is true this is good news for the world of cryptocurreny hopefully with the discussions of crypto in G20 Summit make crypto more popular by public and make more and more country that legalize cryptocurrency.
Yeah  it's a welcome development that  a union of  countries are trying to minimize the risk of o  rypto currency, but if they will  change the true  character of bitcoins like  being decentralized and  anonymous  it seems  that they changing the real bitcoins into their own  currency.
[/quote
Their intervention should be always in for the safety of their customer only nothing more  than that. Because if they will change bitcoin there are lots of factors to be considered, that is why investors patronize bitcoin because of its characteristics.

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March 15, 2018, 02:14:39 PM
 #20

Crypto will thrive within the next few years. Nowadays, large countries have introduced more stringent regulations in the Crypto market. This is the platform for the Crypto market, which is the first step in replacing the cash of altcoin in the near future. Let's buy and hold the potential altcoin and wait for a long time. Hope we will succeed.

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