Cryptocurrencies

[concerned]

An article on crypto by Andrew Hallam

https://www.linkedin.com/posts/andrew-h ... member_ios

[Cracaphat]

An article on crypto by Andrew Hallam

https://www.linkedin.com/posts/andrew-h ... member_ios

I read the article, but when the major institutions get in fully, he might do so too. Due to the SEC having U.S.crypto in a chokehold for the last 4 years, while Gensler was looking to protect his banking buddies, damaged the industry badly and credibility wise. There were some exchange collapses, but that also happened in banking back in '08 as well. But with the election win of Trump, the whole pysche has changed. He even had no love for crypto his first term, but realized this time around that 50 mil people have it and took advantage of that in trying to win voters over. And in yesterday's news, he's in the late stages of buying his own exchange! Interesting times if nothing else.

[captainspoke]

... But with the election win of Trump, the whole pysche has changed. He even had no love for crypto his first term, but realized this time around that 50 mil people have it and took advantage of that in trying to win voters over. And in yesterday's news, he's in the late stages of buying his own exchange! Interesting times if nothing else.

trump is in whatever he is in for himself, and perhaps a few others of the moment.

Other than crypto becoming more 'legitimate', and taking off like those who hold it want it to, what practical benefit is there to this happening?

And the "50 million people"? What's up with that? Alternatively, you could say there are 50 million people who bought DJT--so does that legitimize it?

[Cracaphat]

Everyone knows that Trump is in everything for himself and tax cuts for the rich. And if you were really interested in the "practical benefit" you'd have read up on it. Or at least Chat GPT'd it. Till I restarted this convo, it'd been three years without any discussion. So I wanted to see the sentiment up on here, which hasn't changed much in that time, but that's alright. So might revisit in three years and see if that 50 mil is "legitimized" in your eyes.

[adamu]

tbh the threads on here are just rehashing every other crypto chat online. I don't think there's much specific to Japan to talk about except maybe the miscellaneous income tax handling or Bitflyer.

[KyushuWoozy]

I don't think there's much specific to Japan to talk about

Yes, you're right, the internet is full of general crypto chatter. This is a bit old but but but still worth a mention I think for anybody here in Japan already in crypto or thinking about it:

"The Financial Services Agency is set to begin a review of cryptocurrency regulations, which, if it leads to system changes, could pave the way for lower tax rates and approval of cryptocurrency exchange-traded funds (ETFs).”

https://www.bloomberg.co.jp/news/articl ... YGT0AFB400

I wonder how long a review of regulations takes in Japan

[RetireJapan]

Yes, you're right, the internet is full of general crypto chatter. This is a bit old but but but still worth a mention I think for anybody here in Japan already in crypto or thinking about it:

"The Financial Services Agency is set to begin a review of cryptocurrency regulations, which, if it leads to system changes, could pave the way for lower tax rates and approval of cryptocurrency exchange-traded funds (ETFs).”

https://www.bloomberg.co.jp/news/articl ... YGT0AFB400

I wonder how long a review of regulations takes in Japan

At least a couple of years if they fast track it.