Good news or bad news...

[Ridwan Fauzi]

I don't see anything a bad news on your thread.

Japan has always been a country that supports and makes great innovations that adopt cryptocurrency. The country who have a technological development who cannot be possessed by other countries, especially in Southeast Asian. With technological developments that have advanced in the country so government do not think long to adopt cryptocurrency. With the steps taken by Japan in the use of digital currency, I guess the other countries that are still close to decentralized digital currency can open up to accept.

[Eleven86]

It's a very good news now so many countries are not ready to accept cryptocurrency in this situation one country supports means it will definitely bring some changes to other country also. From the day1 itself Japan supports crypticurrency. Now it creates some laws to use crypto in their country. It will prevent people to use crypto for illegal purpose. This is a very good news for crypto investors.  Surely this will make more changes in the crypto world. Japan is a good country to implement many new things and they will succeed in that.

[Taki]

It is in interest of every country to stop money going to abroad. Money should to come or stay inside the country, that's logical rule of successful economy. I think this decision is smart and will bring to blossom of digital currencies use in the country.

[squog]

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

Hi OP I don't see the news anywhere, but if it is true then i will have to agree with the government of japan. I mean alot of people use crypto currency to launder their money and i support their move to tighten securities. But i do hope that legitimate crypto currency owners will have theirs tights protected and be sheilded from abuse.

[kl8847]

I am always trying to keep my eyes on the countries like Japan, China, those who are good in technologies to see their reaction and decision

[victorski]

I think that whole world would preffer to follow Japan in their decisions about crypto and other new age technologies right?

[Tungsten-1]

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.

Not only Japan but almost every country would love to implement such laws which prove good and protecting for the economy. Since money laundering is a sever crime in almost all countries that sucks empty the economy of a country. Having laws against the heinous action, no one will try to do it. Besides, facilitating the technology and welcoming it to ones country is a future benefit and shifts the existing outdated systems to the next level.

[kamilah147]

I think that whole world would preffer to follow Japan in their decisions about crypto and other new age technologies right?

it all depends on the choice of each country, because each country has its own choice, so we must support it all, if every country follow the development of japan.

[Triffin]

Cryptocurrency was not made in future to favor governments regulatory authority and because of this we should not think that they are going to fold there hand and not fighting it.  Bitcoin and blockchain technology in future is going to take job from the man's hand and didn't think he would be happy for that, therefore, he is fighting with all his strength to keep his job.  Not only him but including the government officials,  bankers and financial analyst are going to be against bitcoin.

Many trying to let bitcoin down especially this year , but bitcoin is somehow we can't resist now as it is part of the innovation in technology that we find ease and as a bank who let us earn and save at the same time. The battle will always be present in it.

No doubt that bitcoin and banks are rivals because bitcoin is snatching banks’ customers and putting them into loss. Well, I have no sorry feelings for banks because they are not loyal to their customers. They are providing very little interest to those who are keeping money into their banks whereas they earn much more from their savings. Bitcoin has become everyone’s favorite because it gives all authority to people.   

[PacePay]

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 in the favor of the success of bitcoin and crypto currencies. I think they are making these rules because they want the countries related to them also get involved in the use of bitcoin and when they will make the rules from the governmental level then it will enforce other countries to legalize bitcoin for to maintain the relation with Japan.

[kateryana81]

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.

In the world of the crypto currencies, you will keep on hearing every type of the news and that it is not at all possible to hear positive and good news all the time. there come certain times when things go other way round as well and that you don’t get satisfied with the way things are going. In that case, you must show up patience and that you need not to make any such decision which can result in loss of money.

[Aleth]

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

Well that is great for  Japan, and it is good that they will give rules in using digital money to avoid such illegal activities out of it. How we wish that all countries will do the same.

[bombie1]

There is no bad news or good-news because sometimes what seems good news later turn out to be bad news and what seems bad at the beginning later turned out to be good news .It all depends on the situation and what is happening.

[Rizki_ct]

 This is good news. These news' always giving positive things to bitcoin price. So far japan is always being a country that support the development of crypto. because they are pareparing for a greater service and for protection of their people against sacm and laundering.

[ylnar123]

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 would be good and bad news. Good since the Japanese government is willing to give their citizens chances to earn through crypto and did not tend to ban it. It would be bad news to those Japanese investors also because they will only be limited to their earnings in crypto.

[robotrobert]

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.

The good news today is the improvement of Bitcoin from 7 k dollar to 7.5k dollar and this is due to the interest of people in this market and with this interest they bought the coins resulted in improvement today. If this demand and interest of people is increasing then it is confirmed that Bitcoin will again touch the peaks of mountains. We need to contribute in improving the value or market of Bitcoin as it is our currency but we just expect and not contributing in improving it.

[CryptoGirl.y]

I find this news both bad and good. On the one hand, it's good that Japan officially recognizes the Crypto currency, but on the other, I do not accept any kind of restrictions.

[Biggapp]

There is no bad news or good-news because sometimes what seems good news later turn out to be bad news and what seems bad at the beginning later turned out to be good news .It all depends on the situation and what is happening.

I think there is the element of both good and bad news. The bad news is the implementations of regulations that will constrict people to use the technology. The second thing is that the regulations might lead to tax implementation as well. Giving income tax by using technology will make the market a bit low. The good news is that the country recognized the crypto and now I hope it will lead to a good future.

[Harleybtc01]

There is no bad news or good-news because sometimes what seems good news later turn out to be bad news and what seems bad at the beginning later turned out to be good news .It all depends on the situation and what is happening.

I think there is the element of both good and bad news. The bad news is the implementations of regulations that will constrict people to use the technology. The second thing is that the regulations might lead to tax implementation as well. Giving income tax by using technology will make the market a bit low. The good news is that the country recognized the crypto and now I hope it will lead to a good future.

Yes, i agree it has an advantages and disadvantages. However, this is really good if not abuse. I could say that we should have enough regulations to clear all of this issue.

[Btcwashu]

There is no bad news or good-news because sometimes what seems good news later turn out to be bad news and what seems bad at the beginning later turned out to be good news .It all depends on the situation and what is happening.

I think there is the element of both good and bad news. The bad news is the implementations of regulations that will constrict people to use the technology. The second thing is that the regulations might lead to tax implementation as well. Giving income tax by using technology will make the market a bit low. The good news is that the country recognized the crypto and now I hope it will lead to a good future.

Yes, i agree it has an advantages and disadvantages. However, this is really good if not abuse. I could say that we should have enough regulations to clear all of this issue.

Its is a good news mate especially the Japanese government are in the positive side of the bitcoin and they really adopting the cryptocurrency and think the Japanese government will generate the regulations to be clear in terms of online transactions and generate the paying taxes in every transactions but it is always good to all the people who are involving to the cryptocurrency.