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Author Topic: Good news or bad news...  (Read 2688 times)
tarable
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September 09, 2018, 10:49:45 PM
 #241

Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari
I think this is good news, bro, because I think this can make it easier for people in foreign money transactions. if it is truly achieved then I will support, because it is quite beneficial for the environment.

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September 09, 2018, 11:06:17 PM
 #242

Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari

This is good I think for us here, I am hoping that once it happens or approve the other country would see this as a positive way when it comes to 
digital money/currency. Then, as I can see with it the citizens in Japan was also lucky due to their country is very open to this kind of crypto world.

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September 09, 2018, 11:08:42 PM
 #243

This reminds me of how Japan so open minded about technological advancement that they know it can help their economic status. No wonder why Japan is having a plan like that because they also admit before how their economy's GDP has improved while they engaged in crypto.

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September 10, 2018, 01:56:24 AM
 #244

Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari

This is good I think for us here, I am hoping that once it happens or approve the other country would see this as a positive way when it comes to 
digital money/currency. Then, as I can see with it the citizens in Japan was also lucky due to their country is very open to this kind of crypto world.
japan government really consious about future technology in blockchain, especially crypto market.so that is why, positive news come from japan.and if they already set the rules , maybe will followed by other government.


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September 11, 2018, 09:19:41 AM
 #245

I think Japan is strengthening the cryptocurrency adaptation concept. It will equally benefit the country as well as the citizens. I hope all countries should follow Japan in this regard.
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September 12, 2018, 04:04:21 AM
 #246

I don't think such a news is a bad news. The Japanese government is merely protecting its citizens and pursuing would be criminals in the hooes of using crypto currency as a way to launder their ill gotten wealth. Besides, it is not like the Japanese government is placing huge taxes. It is merely being alerted when exchanges reach. 30 million yen.

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September 12, 2018, 06:01:13 AM
 #247

much of a good news, we can see that more and more countries are open to cryptos, this act of japan has open the possibilities that crypto can be regulated, one step at a time, japan had always been the most innovative country in the world, if crypto can be regulated, then it will attract more investors by seeing crypto as a trusted and reliable investment.

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September 12, 2018, 06:02:19 AM
 #248

Legal regulations are certainly helpful. Although it seems like a negative at first, the legal arrangements of the countries will protect us.

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September 12, 2018, 06:14:13 AM
 #249

Legal regulations are certainly helpful. Although it seems like a negative at first, the legal arrangements of the countries will protect us.

It would be best as well that legal regulations have been implented, this is also for the protection of our account. And this will help us build a stronger market.

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September 12, 2018, 06:37:13 AM
 #250

Legal regulations are certainly helpful. Although it seems like a negative at first, the legal arrangements of the countries will protect us.

It would be best as well that legal regulations have been implented, this is also for the protection of our account. And this will help us build a stronger market.
The legal regulations adopted by the government do look like they are negative, because our freedom to transact with crypto is limited even though I know it is very difficult to implement. But with the existence of government law applied to the crypto world, I am sure that this will help crypto's growth to be better by bringing and convincing more investors to join.

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September 12, 2018, 06:46:45 AM
 #251

Are there any sources for me to verify that this information is true? There are a number of countries that provide information for the implementation of trade plans.
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September 12, 2018, 07:26:03 AM
 #252

Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari
I think this is good news, bro, because I think this can make it easier for people in foreign money transactions. if it is truly achieved then I will support, because it is quite beneficial for the environment.
There is good influence and bad influence, digital currency will make the environment friendly as you say, but of course the government will have their own digital currency? what if there were many bitcoin users switching? and of course that will be a competitor for cryptocurrency?

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September 12, 2018, 07:45:44 AM
 #253


I think this is really good news for the crypto-currency market, Japan has been pioneering the development of the crypto currency market beyond the country, hoping that the crypto currency will grow.
It has been more than almost four months since the policy was made. I would have been implemented I think. We need to check out the impact of the policy on the crypto market in Japan and only then the real figures can spring out and can decide if it was effective or not.

Japan one more than optimistic and strict about the use of Bitcoin and the rest of coins and their companies also accept the coins as medium of exchange.

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September 12, 2018, 07:57:24 AM
 #254

Definitely it' a good news for us. Japan's government really supported bitcoin into their economy. And they make a right rule.
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September 12, 2018, 08:07:45 AM
 #255

This is neither good nor bad. It depends on which viewpoint you are looking at it. Well, to the state, this is definitely a move to protect people or the state itself from any fraudulent transactions. Therefore, it is good. This is for fairness' sake. For the businesses that are taking the most of what the digital currencies can offer, and those who are really involved in the fraudulent activities, this will be a bad news certainly as they will be limited because of this initiative.


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September 12, 2018, 08:18:28 AM
 #256

Its a great news for all it will contribute for bitcoin. Glad to hear japan's government are supporting bitcoins. There economy will be improve poor people will enjoy there benefits

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September 12, 2018, 08:45:39 AM
 #257

I think that's definitely good news.Regulation of cryptocurrencies still has to start sometime.Japan is one of the first to take such steps, and this is also good.



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yonjitsu
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September 12, 2018, 11:05:03 AM
 #258

I believe that having this kind of conversation is not new to JAPAN already since we know how this country is in for technological innovations and advancement. That's also the reason why this country will easily lift their economy because they are united as one in embracing technologies like the blockchain.

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September 12, 2018, 11:33:39 AM
 #259

Japanese Ministry of Finance is going to prepare rules for cross-border transfers of digital money

The Ministry of Finance of Japan is going to prepare in the near future rules for the foreign transfer of digital money.

According to the report of the newspaper Nihon Keizai on April 5, the Ministry of Finance plans to introduce rules under which notice to the authorities should be strictly mandatory if the cost of transferring money for a foreign transfer is more than 30 million yen.

It is said that the decision of the Ministry of Finance will facilitate the consideration of the real situation with operations abroad and is designed to curb money laundering operations.
Source: Alpari


In my way of thinking its really good to have like that regulation to prevent laundering in their country. Even though Cryptocurrencies are decentralized still we need a rules so that we have a limitations in what we are doing. Japan is one of those countries who accepted bitcoin and it is great to the government to pay attention to this kind of thing.

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September 12, 2018, 11:44:59 AM
 #260

I think that's definitely good news.Regulation of cryptocurrencies still has to start sometime.Japan is one of the first to take such steps, and this is also good.
Good news for Japan. Since there is no corruption in the country. And if you take the scale of another country, for example India. Then I think nothing good will come of it.

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