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

[Winedmeel]

Will help to take price up again?

[Leyss]

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.

[makolz26]

Japan really plays a big role when it comes to cryptocurrency and we are glad that we do have such a Japan country that our very open for the changes in our world, so we have to follow Japan and make it a role model, for sure that it has a positive effect in the price so we'll just to wait for it.

[Aleister Crowley]

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.

this is good news if it is so true if considering Japan is a consummate cripto consumption and will greatly influence on the growth of the project there ,. and already in the make sure it will affect the price of bitcoin ,, and plus again next June will be held legalization in Canada

[nice_hoody_bro]

Japan really plays a big role when it comes to cryptocurrency and we are glad that we do have such a Japan country that our very open for the changes in our world, so we have to follow Japan and make it a role model, for sure that it has a positive effect in the price so we'll just to wait for it.

it is so. Japan seems to be the most open-minded country towards innovations in the whole world

[biboy]

Wow! That is a great news, if Japan will gonna insists to do that and will become successful for sure that some people will follow this project and the some countries will eventually do the same, so we must support this country they are role model in terms of cryptocurrency.

[Snarks]

I'd have to see the details before getting my hopes up. They may legalize ICOs but in which form? After transforming them to securities for accredited investors with a net worth of over $1 million like the US?

[tambok]

It would be a big help in the world of ICo if Japan will decide eventually to make ICO's legal, in that way there is no doubt that some country will follow the same until such time will come that some countries will also decide to make cryptocurrencies legal too.

[Snaic]

I'd have to see the details before getting my hopes up. They may legalize ICOs but in which form? After transforming them to securities for accredited investors with a net worth of over $1 million like the US?

Japan is much more friendly to crypto currency than it does in the US. Therefore, I think that the conditions for legalizing there initial coin issue (ICO) will be loyal and acceptable for practical application. The very same legalization and at the same time regulation is long overdue, since this activity attracts scammers very much. Normative acts on the regulation of ICO are also being prepared in France and Russia.

[iconternal]

I think it must be so, with that bitcoin will go up and I think it's necessary so many people who benefit from the rise in bitcoin prices.

[KrishaBitcoin]

Will help to take price up again?

It will be more helpful as more investors will not be hesitate to pour their investment in joining ICO investments in Japan because when it will be legalize then for sure all ICO will become legit and regulated because of the strict requirements that will be apply during their application process so that they could legally facilitate an ICO projects in the country. This is a good move of Japan that other country may follow.

[premmak]

Will help to take price up again?

When accepted . Surely it would help it to grow up.

[hacekd]

Will help to take price up again?

if you read a lot, Japan represents almost 1% of Bitcoin's total trading volume, but in recent months estimates put this figure as high as 6%, with Japan accounting for almost 55% of total trading volume in just a few trading days. The rise in JPY-Bitcoin trading due to China's inability to liquidate, has fueled growth in the global currency market globally. we just hope that China and Japan will grow to keep prices up.

[Tapyaks72]

I'd have to see the details before getting my hopes up. They may legalize ICOs but in which form? After transforming them to securities for accredited investors with a net worth of over $1 million like the US?

Japan is much more friendly to crypto currency than it does in the US. Therefore, I think that the conditions for legalizing there initial coin issue (ICO) will be loyal and acceptable for practical application. The very same legalization and at the same time regulation is long overdue, since this activity attracts scammers very much. Normative acts on the regulation of ICO are also being prepared in France and Russia.

Yeah Japan is one of the  cryptocurrency friendly nation their no doubt Japanese government also thinking legalization to protect their  crypto currency user citizens from scam of fake  ICO’s.  If ICO’s should be audited by government, just to have a check  and balance for  the investors to know  the real score of the ICO's. With  these investors trust  will be enhance and fell safe.

[Theb]

You supposed to have posted this on the economy section as you are asking if it will help increase the price of BTC or something. But to answer your question I don't think that this kind of news really affects something in terms of increasing the prices. We can always see that people always links news to Bitcoin's movement but they are doing it after the movement not before the movement, which means good news are really not affecting Bitcoin to go up.

Now relating the news to the legal side. I think that Japan will do what other countries do which they require the developers to ask for KYCs for their investors. In this way they are having some sort of regulation or control on the ICOs, they will also identify all the investors investing in the ICOs. Also this will prevent Scam ICOs from entering the market.

[Oceat]

Will help to take price up again?

Can you give me a link to the source of this news?

Anyway, IMO it wouldn't affect that much to boost the price of cryptocurrencies but i will have to consider this if the news is legit and if the government officially released the news. But somehow if this is true, then the Japanese Government really doing some advancement by looking at the crisis not just only here in the forum but also to the other countries, that's why they have to consider this as a serious problem in the future and make some regulation to prevent the crisis getting worse.

[Arkyo]

The Japanese have done great job! They are, as always, ahead of other countries, including giants such as the US and China! I think  many ICOs will be transferred to Japanese jurisdiction soon.

[countryfree]

Well, this was expected. Many ICOs are nothing but scam operations with the only goal to make a quick buck by stealing people' savings. Regulations would make it more difficult to launch an ICO, so scammers should be left at the door.

[entrepmind23]

Having regulation for ICOs is badly needed because people are losing their trust in ICOs due to scams happening every now and then. It is in due time that Japan would do it because other countries are implementing it and we know Japan has a regulation for cryptocurrencies already so a regulation for ICO is a must too. This would prevent the scammers in getting the investors money and for the legit ICOs to gain the trust again that they lose because the scammers trample it. Sooner or later other countries would follow suit which should be the right way.

[andreijoaquin]

For me its quite unsafe for the crypyo currency market having ICO legalized since what's happening now are most ICOs are the main source of scam. It will only tolerate developers who wishes to manipulate the market and ruin the reputation of crypto currencies. Unless upon legalization of such ICO procedure and proper documentation will also be implemented.