Quote from: pugman on October 04, 2017, 05:52:35 AM

Quote from: shamzblueworld on October 02, 2017, 03:47:36 AM

In a breaking news from yesterday: Japan has given official endorsement to 11 crypto currency exchanges.

http://www.cryptoanalyst.co/2017/10/01/japan-endorses-11-bitcoin-exchanges/

https://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

What do you think will be the impact on the market and value?

Japan is one of the very few countries that has been supporting bitcoin while other countries have been banning exchanges, icos and saying bull shit about bitcoin because of the fear they have against bitcoin. The investing ratio in bitcoin has been higher than ever and governments are scared to lose their people's capital being taken by means of scams. However, the price should be increasing now that Japan has endorsed exchanges and a rumor saying that China will be back on October 1 or something with implemented regulations.

According to an article i read yesterday, "China will put an iron-fist rules to exchanges". From the looks of it, it is a good thing for china to implement this kind of rules because cryptocurrency trading/exchanging have problems like pump/dump groups which can degrade the trustworthiness of a coin