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BITCOIN_GOD
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April 05, 2018, 09:46:19 AM
 #1

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

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April 05, 2018, 09:47:14 AM
 #2

Hello, I found your post interesting can you please provide us with the link of your news? I could not find it online.
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April 05, 2018, 09:48:12 AM
 #3

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 a good news for us so we need to buy some altcoins now and if you see the chart of cryptocurrency feb and march is always red crypto gives us a opportunity to invest a lot while the value s too low its more good to buy now because if the bitcoin will increase again you will regret im sure 100 percent.
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April 05, 2018, 09:59:11 AM
 #4

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

It's a good news mate. I like to hear that, I hope in future will be the best crypto currency.
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April 05, 2018, 10:01:11 AM
 #5

Definitely a good news, it shows japan's government really supported and adapted bitcoin into their economy. It's good to put strict law to prevent money laundering that benefits their people and their economy.

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April 05, 2018, 10:07:22 AM
 #6

I agree this is good news. Japanese government makes the right rule to prevent money laundering or misuse of money for the benefit of the bad guys
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April 05, 2018, 10:16:22 AM
 #7

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 find it for bad news. Japan took a 180 course on cryupto's.
Once Japan was the most crypto friendly county. First they kicked out Binance and now this?! I don't like it.

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April 05, 2018, 10:20:43 AM
 #8

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 it is good news as it will at least help restrict the money laundering stuff that destroying the economy of the nation. However is it just related to the fiat digital relation or whether the report says all about the crypto currencies transfer? Because if thats the case then it would be interesting to know how they are going to regulate that transfer? You do realise that transfer if the crypto currency is completely over the blockchain and government can not really track it down or stop it form happening. Its not like we take permission from anyone and then make the transfer, unlike the banks! So it must be related to the digital currency which is fiat being transferred electronically from their country to other one. If thats the case then it doesn't hamper the crypto currencies at all.

   

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kokobaba880
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April 05, 2018, 10:33:17 AM
 #9

Japan is bitcoin friendly country and if they have made some regulations for this crypto then it is very good for the bitcoin and other crypto to be used for international transactions and for me the bitcoin is important and i would like to hold my present bitcoin for the future so in the future may i utilize my bitcoin for imports of some businesses products.

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April 05, 2018, 11:55:57 AM
 #10

It's like the worst timing to do something like that as the USA is also doing negative regulations on bitcoin and it's what drives  the price down.

I think that unless those steps against bitcoin won't stop the negative trend of bitcoin is going to keep going.
Japan is still bitcoin friendly even if those regulation steps will actually happen , It's going to be interesting to know how their bitcoin payment system is going to keep on track with those decisions.



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April 05, 2018, 12:35:10 PM
 #11

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

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April 05, 2018, 12:39:40 PM
 #12

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


Plus the fact the news at OP is a bit confusing, I don't know if its really pertaining to cryptocurrency.

Moreover, this type of news aren't bad at all, it will just add a layer of protection for the investors to lessen frauds, scams and laundering.
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April 05, 2018, 12:52:20 PM
 #13

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
according to our friends,the good news is bitcoin now is having a higher price and i do believe that this will not go down and we are hoping for the best of everything,and there is no more bad news for now.

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April 05, 2018, 12:57:44 PM
 #14

good day.. found your post interesting. can you post here the link so i can read it.. thank you
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April 05, 2018, 01:03:45 PM
 #15

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
Surely 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.

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April 05, 2018, 09:46:01 PM
 #16

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 find it for bad news. Japan took a 180 course on cryupto's.
Once Japan was the most crypto friendly county. First they kicked out Binance and now this?! I don't like it.

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April 05, 2018, 09:55:21 PM
 #17

Seems like they are good news but I dont know how much they are going to help a lot. What the ministry of finance from Japan wants to do is to stop money laundering by verifying every transaction bigger than 30 million yen but if someone would really launder money or transfer illegal money do you think they are going to do it with big transactions that seem suspicious? Of course not, they are going to do it carefully with multiple transfers from multiple sources from different locations so that nothing will look suspicious when governments are going to check it.
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April 06, 2018, 04:02:17 AM
 #18

Of course this is a very good news, like how we all know, so far japan is always being a country that support the development of crypto. And always giving innovation to always keep stabilization of crypto. These news' always giving positive things to bitcoin price.

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April 06, 2018, 04:18:49 AM
 #19

This is a good news. It seems Japan is friendly country with crypto. Japanese goverment made rules about crypto. That will be better for future economic. I think so.
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April 06, 2018, 04:25:33 AM
 #20

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.



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