Good news or bad news...

[maculeth]

there is nice and good. the good thing is, the japanese government is really paying attention to crypto, and the bad news is with that limit, surely the fee for each transaction will be more expensive.

[jeraldskie11]

I don't really want to know a bad news regarding in bitcoin because it cannot help to us and your interest of it will be vanish. So i hope everytime has a good news about what happening here in the world of crypto because in that way many people will be happy, believe and trust more about it. I know that in this world there has a good and bad news but if would be better i you trust always although you can get a sad news.

[WUUEX79]

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

PORTLAND, OREGON – In the quest for a faster and more traceable way to transfer money internationally, banks were gravitating a few years ago to Ripple, a platform backed by Silicon Valley luminaries and global financial institutions.

Now it’s gotten complicated. New options are surfacing that, like Ripple, use the hot technology called blockchain to send and record transactions across borders. For banks, the challenge is to agree on a standard quickly to fend off rivals like TransferWise Inc. and Cambridge Global Payments, which are grabbing a share of the $30 trillion a year in international transactions between businesses.

I love to hear it, news like this is very positive news and can arouse the users of cryptocurrency in buying and selling transactions both for foreign investors and domestic investors. But unfortunately, Ripple has done it first.
You can see it at japantimes.co.jp

[88jewel]

The government putting rules or policies in digital currencies is a welcome development because it means they are already accepting the potential of digital currencies. It’s more of a good news that a bad news. Limitations exist when there is uncertainty and once this uncertainty or uncertainties are addressed liberalism will surely occur.

[bitcoinmaniac52]

It is good news, the sooner the governments find way to regulate the sending and usage of cryptocurrency then the sooner people will begin having faith in the market and buying into it, a lot of people right now who are interested in investing in the market are not doing so because its unregualted and they fear that they will lose all of their money without rules.

[gharjas2517]

Japan has been open to bitcoin, the news is no doubt a good news, it is to regulate the development of the encryption market in Japan, and it is believed that the trading volume of the Japanese exchange will quickly increase.

[nakkanak]

I think that's good news, if the government pay attention to the development of crypto in japan it means the government has to acknowledge the existence of crypto currency, and that will make Japanese citizens more trust and careful to invest and it will give positive impact for crypto

[juragane]

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 seems that this is good news because many will use bitcoin as its payment tool the more expensive bitcoin price in the market, hopefully this news can trigger the increase of bitcoin price and not fake news.

[audaciousbeing]

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

Its good news though since its just passing a message. What is surprising is that thinking someone who wants to launder money would have to go through the stress of reporting such info. In most countries today, you the rule is that you cannot travel out with an equivalent of $10000 with reporting it and when you do, you are allowed without any encumbrance but that law is only applicable to those who have legit reasons to hold that kind of money. Its not news that people circumvent the rule with the connivance of those saddled with the responsible of enforcing the regulation where people find corrupt individuals and move any amount they wanted to. Others hide under diplomatic privileges.

Now in the case of crypto how exactly do they want to enforce it? By checking my phones, tracking all of my private keys to know how much is there, all of this policies are just for cosmetic purposes as I don't see any practicability of ensuring it.

[DeadCoin]

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

Its good news though since its just passing a message. What is surprising is that thinking someone who wants to launder money would have to go through the stress of reporting such info. In most countries today, you the rule is that you cannot travel out with an equivalent of $10000 with reporting it and when you do, you are allowed without any encumbrance but that law is only applicable to those who have legit reasons to hold that kind of money. Its not news that people circumvent the rule with the connivance of those saddled with the responsible of enforcing the regulation where people find corrupt individuals and move any amount they wanted to. Others hide under diplomatic privileges.

Now in the case of crypto how exactly do they want to enforce it? By checking my phones, tracking all of my private keys to know how much is there, all of this policies are just for cosmetic purposes as I don't see any practicability of ensuring it.

As long as we have green signal to use crypto currencies, its really good and welcomed though there will be rules on set threshold to follow on transferring. Let any country make their own rules after adapting bitcoin and other crypto currencies. This would be certainly needed as the countries economy would have its own rules and would find negotiation when adapting bitcoin into its country.

[umar22pk]

It’s a good news will encourage the liquidity of Crypto currency; Japan is a crypto friendly country have number of good crypto currency exchanges.

I think it is not only good news but it will knock other countries & in near future other countries will also take step to involve crypto currency into their economy.

[GideonGono]

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

Wow good to hear though but can you drop a link so I can see it , and now little by little the crypto currency are now regocnizing though , so yes it is a good news looking for further good news.

[atomicgroup]

This emphatically sounds very much good to hear because money Laundry cubing and above all total Japanese support for on line Currencies where Bitcoin is non exclusive shall pave a great way into luring so many peolpe and especially the investors both old and new to patronize the more this Cryptos, which however is constantly meeting up with Cryptos future objetives wright from the  moment.

[kyucryp]

of course this is good news japan very serious in regulating the cryptocurrency shift. this is positive news for bitcoin because with this news the image that bitcoin is a tool used for money laundering will disappear. and will more and more people believe with bitcoin.bitcoin is the future global currency.

[torch2121]

This is definitely good news for us. Bad news to people who are using it for illegal transactions.

[stompix]

Its good news though since its just passing a message. What is surprising is that thinking someone who wants to launder money would have to go through the stress of reporting such info. In most countries today, you the rule is that you cannot travel out with an equivalent of $10000 with reporting it and when you do, you are allowed without any encumbrance but that law is only applicable to those who have legit reasons to hold that kind of money. Its not news that people circumvent the rule with the connivance of those saddled with the responsible of enforcing the regulation where people find corrupt individuals and move any amount they wanted to. Others hide under diplomatic privileges.

Now in the case of crypto how exactly do they want to enforce it? By checking my phones, tracking all of my private keys to know how much is there, all of this policies are just for cosmetic purposes as I don't see any practicability of ensuring it.

It's the same as debit and credit cards.
Nobody is checking your balance when you travel in and out.

In my case I can easily leave the EU with  100 000 euros on my card but not with 100 x 500 notes. Actually lately there is a madness at some borders if you have only one, don't know what the f word is wrong with people but existing Greece with one of those I had them looking at me like Osama bit Coin.

Searching bitcoin wallets would be insane as you can send them in a flash to anywhere.
Even if they check your wallet, you can create a scheduled transaction and you're going to receive the coins once you step on the plane.

They are targeting people who would try to send money anonymously out of the country to god knows what place.
But again, I fail to see how they are going to track them down.

[Rrotess]

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.

Yeah youre right.I hope not only the country of Japan will be supported by crypto currency but also the whole world so that we will continue our income for this kind of crypto currency.

[JMD07]

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

Thank you for sharing. I like the way how Japan making a rules about the cryptocurrency as this will prevent the illegal money transfer being use by the criminals that hiding their funds in digital currency. I hope that more country will follow on what Japan did.

[Botude23]

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

Good  news for the crypto worlds. Because they going to used to it the bitcoins it self and it will be turning into more investors and be popular in the future. For giving such a laws or restricted a good sign to prevent abusing of this transaction and limiting the circumtances. It a good sign that they will adapting this crypto-currency. Hope other countries as well.

If you have a link please provide. Because your post is summarize of the articles. Btw thanks for sharing this.

[one key56]

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

Good  news for the crypto worlds. Because they going to used to it the bitcoins it self and it will be turning into more investors and be popular in the future. For giving such a laws or restricted a good sign to prevent abusing of this transaction and limiting the circumtances. It a good sign that they will adapting this crypto-currency. Hope other countries as well.

If you have a link please provide. Because your post is summarize of the articles. Btw thanks for sharing this.

I also hope my country is also adopting the existing technology in crypto that makes everything transparent and can reduce corruption or illegal transactions, I also hope crypto recognized by my country