Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on April 02, 2020, 07:01:23 AM

Title: Japanese Regulations on Crypto ‘Likely to Help the Market to Mature’
Post by: newshunter on April 02, 2020, 07:01:23 AM

Japanese Regulations on Crypto ‘Likely to Help the Market to Mature’

Stringent rules for crypto in Japan will benefit new players in the end according to a new report

Source: Japanese Regulations on Crypto ‘Likely to Help the Market to Mature’ (https://cointelegraph.com/news/strict-japanese-crypto-laws-discourage-foreign-exchanges-for-now)

Would appreciate your opinion about this

Title: Re: Japanese Regulations on Crypto ‘Likely to Help the Market to Mature’
Post by: Senin on April 02, 2020, 06:17:39 PM

Although the Japanese government has tightened some rules regarding the regulation of cryptocurrency since May, they are reasonable and necessary for the organization of normal operation and circulation of the cryptocurrency. So, the requirement for cryptocurrency exchanges to obtain the appropriate licenses, and for foreign exchanges  still need to register in your country, is absolutely normal. With this approach, fraud and abuse will be much less. It is also reasonable for exchanges to register decent-sized authorized capital when registering them in the form of joint-stock companies.