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Author Topic: [2018-05-02]Japanese Authorities Asked Crypto Exchanges to De-list Altcoins Lik  (Read 43 times)
Vladdirescu87
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May 02, 2018, 02:23:38 PM
 #1

Japanese Authorities Asked Crypto Exchanges to De-list Altcoins Like Monero, Dash and Zcash

Japan’s Financial Services Agency (FSA) has allegedly strengthened its position towards domestic cryptocurrency exchanges. The financial institution wants them to remove from the trading list altcoins which give, as they state, an opportunity to conduct anonymous transactions, facilitate illegal activity, and enhance money laundering.

The Japanese FSA is looking at the possibility to delist a number of anonymous altcoins, especially Monero, Dash, and Zcash from local digital currency trading platforms.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/japanese-authorities-to-de-list-altcoins/


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May 02, 2018, 02:56:12 PM
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As expected even though Japan has pushed on a regulated market they are actually strict on cryptocurrencies that are more anonymous compared to Bitcoin. The de-listing of this cryptocurrency shows that they are strictly preventing this currencies to be used in their own country. Criminal activities is what they are trying to avoid but I highly doubt that just by removing certain anonymous altcoins would be effective on their fight against them as they have not accounted other things such as wallets and 3rd party sellers of such coins.

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May 03, 2018, 08:35:12 AM
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As expected even though Japan has pushed on a regulated market they are actually strict on cryptocurrencies that are more anonymous compared to Bitcoin. The de-listing of this cryptocurrency shows that they are strictly preventing this currencies to be used in their own country. Criminal activities is what they are trying to avoid but I highly doubt that just by removing certain anonymous altcoins would be effective on their fight against them as they have not accounted other things such as wallets and 3rd party sellers of such coins.

I agree on the 3rd party sellers and wallets.
I think that almost all of the exchange market is made up from traders not people who wants to facilitate illegal activity.
Also what is to stop these people of selling their anonymous coin elsewhere and afterwards send it to Japanese exchange as for example btc.

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May 03, 2018, 08:51:09 AM
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Some analysts and commenters were predicting that governments might accept cryptocurrencies because their transparency allows some forms of control, but  coins like XMR and Zcash are very unlikely to be legalized. The most interesting scenario is when Bitcoin will get some protocol upgrades that will enable stronger privacy - if by that time Bitcoin will not be fully legalized, it might be a strong reason to instead ban it, and if it will be legal and regulated, governments will have to come up with some solutions to fight private transactions, which might be really hard for them.

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May 03, 2018, 07:37:44 PM
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hahahaha

who made this image is a very creative person, but going straight to the subject, the Japanese government is doing a good job and would be asking them a lot if they accepted anonymous coins as monero, myself for several times I wondered if these anonymous coins will have future because I doubt that any government will regulate bitcoin and accept coins like verge, monero and other coins that are anonymous. the government will not accept these anonymous coins

but  coins like XMR and Zcash are very unlikely to be legalized. T

I would even say that it is impossible for some government to accept currencies like monero, verge and  other that are anonymous

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