Good news or bad news...

[b3j0]

You must include a news link in your thread.
in my opinion it is good news, because that means bitcoin circulation has rules. rules must be made so that the movement of bitcoins can be controlled.

[Sofiyah]

it didn't make good news and didn't make bad news for me, because I am not a Japanese citizen. maybe that could be bad news for Japanese citizens who use cryptocurrency, because it will incur additional charges for transactions to the authorities. but certainly the Japanese government has a good reason why there is such a new policy.

[trako]

It is very positive news for Japan. Ultimately, they must determine the limits and level of money flow in the country. It's under their control. It may be bad for the investors, but it is better than never.

[Dudeperfect]

I would say this is a good news for us as the government is willing to recognize the centralized digital payment systems and we can always amend the rules and regulations as per the situation but as a first step, we need the recognition so that corporate houses can use cryptocurrencies without any issues. According to the news reports, the Indian government is planning to implement taxation for digital payments but nothing is clear yet and there is a lot of misunderstanding between the departments and central bank.

[talenah kotang]

This is obviously good news, its purpose is to prevent criminals from committing money laundering and misuse that can harm others.
please include the link for more details. thanks.

[Anamika143]

It is the responsibility of the government to control the financial aspects of a country. Japan's Finance Ministry is going to make a lawsuit regarding digital currency transfer, I think this is a good step.

[r32godzilla]

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

You should really link tot the article not just saying who the source is.

But how are they going to enforce this?
If you send BTC to a foreign exchange that requires AML and KYC it's pretty simple to track down but if they just transfer to somebody else it's nearly impossible.

Also, this limit which is something like 200k euros, is per transfer? Per year?

Too many questions and too little information

Yes the source should have been provided.It would be very difficult to trace if some one sends cryptos to another person's wallet who is in Japan directly instead of using exchanges.

But still this news shows that Japan too has realised that it could not avoid cryptos totally.

[rat03gopoh]

When a country by legalizing cryptocurrency has good news, it will have a big effect on global prices. This Japan News is a big contribution to making bitcoin prices more increased.

[Chacon994]

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

Japan is using the benefits of electronic money to help develop the technology in the country. So the information coming from Japan as I think it is the news to benefit the crypto market

[Malya_alkendy]

of course that's good news, that means the Japanese country really paid special attention to Bitcoin, but I did not find the News online, because you did not include the news link.

[Ibrahim 2020]

this is good news for cryptocurrency, there is the japanese certainty that japan is one that strongly supports cryptocurrency especially for bitcoin, very positive for the future if this is real news is not just a hoax.

[Lorna111]

on the one hand if for the economy certainly is very good news because their economy is becoming secure. But if for other countries it would be a bit of a limit of the policy.

 A good news for crypto currency market investor, if one country address the issue on Regulation, defining clearly what to expect for such digital transaction on Bitcoin, it would be a welcome to a lot of investors, this would result to possible adjustment on how to follow such rules impost on digital transaction on the market, it would also lower the FEAR of investor on the issue of Regulation, and it would result to further improvement on the market investment with new investors coming in.

[Twentyonepaylots]

on the one hand if for the economy certainly is very good news because their economy is becoming secure. But if for other countries it would be a bit of a limit of the policy.

A welcome news for crypto market investors, the move of this high official of one country to impost Regulation on digital currency is a welcome news, investors would have a clear understanding on what to expect if they plan to invest large amount for Bitcoin project in the future trading market. This is also a good indicators that Bitcoin is highly accepted with the financially business community is clearly defining the rules for digital transaction of Bitcoin in the market.

[Lorence.xD]

on the one hand if for the economy certainly is very good news because their economy is becoming secure. But if for other countries it would be a bit of a limit of the policy.

 Wow, great news for crypto or Bitcoin investors. a bold move by high official of Japan from the financial business community looking into on what to set as a rules for digital transaction of Bitcoin, this clearly indicates that Bitcoin is accepted and with growing interest from Business community in different part of the world. Once the rules is clearly define, it will definitely accepted by Bitcoin investor and make such an adjustment on how they will actively participating in the market with such rules in mind and followed.

[Coinnosaurus]

Since crypto-assets know no borders, the framework to regulate them must be global and international co-operation is indispensable.

[greenpath]

There is bad news and good news for that. Japan is large country for crypto lovers. It is one of the country that make crypto more productive and creates more improvements for the good of every Japanese citizens. Once they implemented that rules then everything is for their benefits because they can freely manipulate everybody. Everyone that do transactions should have probably a history input in Japan crypto head quarters. Everything can be trace and found on that day. Maybe we can say the centralization of crypto.

[batang_bitcoin]

of course that's good news, that means the Japanese country really paid special attention to Bitcoin, but I did not find the News online, because you did not include the news link.

They are trying to avoid some malicious transfers in their country and we can't also think the real reason behind it.
There are some people who will use the kindness and support of Japan for cryptocurrency. And to stop being abused from those shady transfers they have to create a certain policy to maintain cross-border transfers. I still find this news as informative and good.

[alizalela7]

Do you think it is good news or bad news? I think it is bipolar for the parties as if the buyer will be good news they will be buying cheap and if the news for those who want to sell them when the price is not as you expected

[Maestro75]

Japan is doing all to make sure cryptocurrency succeeds in the world. Whether this news is good or bad is not yet obvious now as it has no impact on bitcoin yet. But with time it will show.

[Axelseseclevz]

Hello, I found your post interesting can you please provide us with the link of your news? I could not find it online.

I am also didn't find the link of that news,but if it is true,it will be a good news to all bitcoin or cryptocurrency investors.