Japan is officially a Bitcoin friendly country

[pawel7777]

Some good news from Japan:

https://www.cryptocoinsnews.com/japan-wants-bitcoin-friendly-country/

What Japan deems fit in Bitcoin’s case is to allow it to be regulated from within, without direct government influence or oversight. Japan seems to have recognized Bitcoin’s unlimited financial and technological potential, and has confidently asked Bitcoin community members to form a self-regulatory authority. It will be called the Japan Authority of Digital Assets (JADA). JADA is supported by Liberal Democratic Party of Japan (LDP)’s IT committee. There is no proposed Japanese government regulation of JADA. Membership includes the Kraken Exchange.

reuters:

http://www.reuters.com/article/2014/06/19/uk-japan-bitcoin-idUSKBN0EU0JA20140619

[wangjin098]

but the MT.GOX  incident has affected his reputation.

[Skoupi]

So that Liberal Democratic Party is the government in Japan? Can they actually pass a law/regulation?

[pawel7777]

So that Liberal Democratic Party is the government in Japan? Can they actually pass a law/regulation?

It's a leading/ruling party. If they have majority in the parliament (of voting power) then yes.

[Q7]

The only part that i would like to hear is the self regulating authority made up of community members.

[Unbelive]

but the MT.GOX  incident has affected his reputation.

Agree, unless MtGox CEO will make harakiri, Japanese will never let it go.

[cbeast]

but the MT.GOX  incident has affected his reputation.

Agree, unless MtGox CEO will make harakiri, Japanese will never let it go.

Is it still okay to make cultural epithets toward Japanese people? My PC meter broke after Obama took office.

[Honeypot]

Irrelevant. Japs have been irrelevant for a long time.

[cbeast]

Irrelevant. Japs have been irrelevant for a long time.

That's a very irreverent remark. 

[Skoupi]

If Japan starts attracting bitcoin vc because of this friendliness that would be the best antidote for the unfriendly regulation some counties/states are considering right now. And it would be even better if countries like Korea follow.

[Honeypot]

Irrelevant. Japs have been irrelevant for a long time.

That's a very irreverent remark. 

Ain't you a cheeky fuck

[cashmoney]

Japan may innovate Bitcoin and take it even more heights!

[susan234]

but the MT.GOX  incident has affected his reputation.

Agree, unless MtGox CEO will make harakiri, Japanese will never let it go.

but most people hope the Japanese do more for the development of  bitcoin,so  we should give them applause when they do

[zimmah]

Irrelevant. Japs have been irrelevant for a long time.

With Japan you never know.

They have enough money to spend there, and I wouldn't count them out.

[rampage101]

It is surprising that Japan is not more Bitcoin friendly already.

Why is all the volume and interest coming from China?

I would have expected Korea to be more ahead as well.

[cbeast]

It is surprising that Japan is not more Bitcoin friendly already.

Why is all the volume and interest coming from China?

I would have expected Korea to be more ahead as well.

Most likely it's false pride. They are probably in shock that they didn't discover Bitcoin before China.

[bitsmichel]

It is surprising that Japan is not more Bitcoin friendly already.

Why is all the volume and interest coming from China?

I would have expected Korea to be more ahead as well.

Korea and Japan have a very large internet culture, I would have expected they are more ahead as well. This board does have a Korean and Japanese forum. The Korean board has 599 posts and the Japanese board only 91 posts.  Chinese board has 242671 posts. Is there any reason why it is more popular in China?

[Jamie_Boulder]

Anyone tied with the Mt Gox thing is blacklisted from anything I'll associate with.

Shame we can't say the same for China.

[Nerazzura]

but the MT.GOX  incident has affected his reputation.

Previously, the Court of the United States (US) bankruptcy protection on Mt. Gox, the first and largest Bitcoin exchange. Mt. Gox has been relieving themselves in Japan in February, since admitted losing 750,000 Bitcoin induced hackers. Under chapter 15, the US courts will recognize foreign bankruptcy proceedings and assist the process by protecting the US-based assets

[Skoupi]

The Korean board has 599 posts and the Japanese board only 91 posts.  Chinese board has 242671 posts. Is there any reason why it is more popular in China?

Interesting observation. I think we should ask our fellow japanese and korean bitcoiners. Maybe bitcoin isn't trendy over there yet