HANSEIPEPE by Koji
Hi all,
Bad news into the sphere of regulation of cryptocurrencies and you know how this actuallity is charged and how situation change quickly... for the better or for the worth!
Koji Higashi tweet
My thoughts on the coming Bitcoin regulation in Japanhttps://t.co/TyFhHUTeU0
— Koji Higashi (@Coin_and_Peace) 7 février 2017
By a new post on Medium, Koji Higashi, explains how he view the new regulation which still tighten on the land of the rising sun. After outlining the new regulations (difference between cryptocurrency certificated and allowed or not certifiated and illegal) and recalling the experience of Bitlicense imposed in New York, he outlines the underlying risks of such measures for an environment still developing! It seems to be paradoxal to see such measures emerged in a country does the monetary history is so rich of parallel currency see this accademic paper of Kuroda, 2006 or wikipedia of japoneses currency, for beatiful exemple and whose its contemporaneity place him among the countries ahead of the token economy and crypto-currencies adoption.
If for big and famous cryptocurrency, the certification would be easy to get he amphasis that:
" many blockchain 2.0 projects who have their native tokens or use custom tokens on blockchain will get affected >significantly.
Even if you are not doing an ICO and just use cryptographic tokens to grant access to your service or use open source >software for example, promoting or selling those access tokens to Japanese may become restricted. Off the top of my head, >decentralized service providers like Storj, Siacoin or Augur, which have decent following in Japan but probably not major >enough to be approved by the government, are some of the projects which will potentially get troubled by this.
We hope that they can be more smart and manage better this thorny problematic! And don't pull it down a new sunrise of token ecosysteme and there numerous use case: advertising, blogging rewards, games item with Spell of Genesis , Rare Pepe Cards [1], Force of Will, all that Koji mixed in is really nice wallet Book of ORBS [2]
Thanx to Koji for his great post!
Don't cut the Story lane
Image source by appearence 1 | 2 Feudal notes of Japan, Edo period, wikipedia | 3 Early 1-yen banknote (1873), engraved and printed by the Continental Bank Note Company of New York, wikipedia | 4 CNPCCARD Everdreamsof, Spells of Genesis Games
[1] Fore a introduction on the Rare Pepe Phenomenon see here and for more news see this latest post
[2] more info on the last update of BoO and is integration of Rare Pepe Cards, see old steemit post