Japanese Goverment Reviews Proposal to Legalize Initial Coin Offering(ICO)

[marcbitcoins]

Will help to take price up again?

This is what i have suggested already that ICO should be regulated too to screen out the scam ICO from legit ICO because today fake ICO are now uncontrolled in the markets and many have become victims of these fraud projects. If Japan will become to first to legalize ICO then for sure many will invest in this country because of scam free guarantee investments.

[Kronos21]

I don't believe there will ever be an opportunity to control the ICO. It's a dream that will never come true. Governments are unable to effectively manage such projects. Investment funds will be established in order to prevent fraud in this market. That's not the best idea. But I have no other idea.

[SUDARMONO]

If many countries are legalizing bitcoin I think it is very helpful to raise the price of bitcoin, because it will cause a lot of public trust to bitcoin.

[Kemarit]

Will help to take price up again?

Any news coming from Japan regarding crypto will have a effect on the ecosystem, because they are now the number one prime mover of the market. And regarding legalizing in it Japan, of course this is a very welcoming news because we all know that there's a heavy ICO crackdown ongoing around the world. And having somewhat a regulation will weed out the bad eggs specially those who are hiding behind the blanket of a project that is very promising but behind is purely garbage and the only reason that are putting it up is to scam people of their money. Let's see how it goes, because the price in the last couple of days have been spiking so maybe this is one reason.

P.S. Much better if you gave us the link so that we can see and read between the lines. Thank You.

[Baoo]

Absolutely yes, Japan is  one of  the most countries that have useful decisions for digital currencies, because they  know that this new technological era will be of great importance in the future, and it certain that  all financial transactions  will be based on them especially Bitcoin.
Furthermore, this legalization of crypto through Japan will positively affect on  the price of Bitcoin and cyptocurrences in general, but I do not think that this rise will be with big value, just a little jump.
On the other hand, hope that many governments will recognize cryotcurrencies like, Japan, and it is expected that this global recognization will be achieved after a  few years, especially if Bitcoin will jump with a huge proportion.

[Tigorss]

I think that the legalization of the issue of initial offers of coins (ICO) in Japan is unlikely to somehow significantly affect the appreciation of the value of the crypto currency. This, most likely, can lead to a revival of the ICO market. However, this alone is good news, since the legalization and regulation of ICO projects is a long overdue problem. France recently decided to regulate the ICO, after that there were similar news from Russia. Now this is already done by Japan. For other countries there will already be several models for solving this issue.

Japan, plans to recognize the existence of this digital currency so that it will be equivalent to the conventional currency in Japan. And the plan was only realized early this year.

[European Central Bank]

something certainly needs to be done. where will this leave foreign 'investors'? i'd be pretty surprised if the japanese government allow them in. it could produce a walled off market, not that i particularly care.

I don't believe there will ever be an opportunity to control the ICO. It's a dream that will never come true. Governments are unable to effectively manage such projects. Investment funds will be established in order to prevent fraud in this market. That's not the best idea. But I have no other idea.

if the SEC hammers every piece of crap ICO they can find, not that they have the time, you can bet the amount of them will collapse. of course there'll still be fully anonymous ones but there's no way any of the significant exchanges will list them. the net is tightening.

[Kokondao]

When that happens and the Japanese really legalize the coin, this can have a very good impact and all that Japan can do to raise the price of coin.

[Mahanton]

something certainly needs to be done. where will this leave foreign 'investors'? i'd be pretty surprised if the japanese government allow them in. it could produce a walled off market, not that i particularly care.

I don't believe there will ever be an opportunity to control the ICO. It's a dream that will never come true. Governments are unable to effectively manage such projects. Investment funds will be established in order to prevent fraud in this market. That's not the best idea. But I have no other idea.

if the SEC hammers every piece of crap ICO they can find, not that they have the time, you can bet the amount of them will collapse. of course there'll still be fully anonymous ones but there's no way any of the significant exchanges will list them. the net is tightening.

I would rather prefer to have this tightened system as long we can able to get rid into those fraud ICO or projects.If ICO would be regulated gradually then it would be a good step because every investment would really be worth of and tendency on scams or losing out money from investors would be lessen or completely stop when this thing would be implemented.