Japan just gave its cryptocurrency industry legal power to police itself

[goldSkylark]

With rules such as these being implemented we could hope to see a lot of growth for cryptocurrency. Japan would set a standard or ideals for the parameters around everything cryptocurrency and rules regulating it which if successful, a lot of other countries would try to adopt it with their way of thinking included and thus could possibly be potentially growth for the future of global awareness.

I completely agree. If Japan can regulate crypto successfully, then so can other countries. Having Japan lead the way towards our digital future, can be beneficial. Someone has to start, right?

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[Rolley Dragon]

In my opinion Japan is the most open country with bitcoin among the countries I know, I mean it would be great to come to Japan to invest there.

[aryatrals]

With rules such as these being implemented we could hope to see a lot of growth for cryptocurrency. Japan would set a standard or ideals for the parameters around everything cryptocurrency and rules regulating it which if successful, a lot of other countries would try to adopt it with their way of thinking included and thus could possibly be potentially growth for the future of global awareness.

of course Japan is an example for other countries because if we look at the economy and technological advancements in Japan that are already very advanced, we can be sure that the Japanese have realized the importance of digital currencies that are global in nature, so that it can be a standardization of bitcoin currencies.

[shendy]

Japan is able to overcome and provide good policies about crypto and this is an example of the policy for other countries. Japan is indeed a country that is capable of carrying out this system and this can provide comfort to its users.

[libert19]

Other countries should learn from Japan, whether it be in crypto related matters or otherwise. This country is ahead of the world.

[Juggy777]

i think its a good move from japan govt.these changes will boost bitcoin and i can see japan is really a crypto user frndly country who supporting crypto and its technology.at last i will congrats to japans crypto community its your victory.

While it's good to see Japan has decided to give the power to the people who actually know the industry, it's too early to say will the regulations help the adoption of bitcoins in the country. It's pertinent to note that these regulations will definitely make the exchanges safe, but I'm not sure how they'll prevent fraudulent transactions which is a menace, and if they're able to successfully implement it I'm sure other countries shall follow suit.

[hodlbitcoin2020]

Japan is going in the right direction in terms of steps need to take for the protection of their crypto investors

[junglist.massive]

To be honest, in my opinion there is still a lot of potential to dig by Bitcoin, especially for the company benefit which usually includes a lot of fields and various complex. In blockchain, there are a lot of things that can be used for the benefit of the company, for example, inventory. Good luck by the way.