Quote from: MiF on October 23, 2017, 09:13:37 AM

Quote from: Manutax on October 23, 2017, 05:52:22 AM

News coming out of Japan has it that authorities in that country are considering a ban on ICOs. How would this Action impact on the prospect of Bitcoin and other cryptos globally.

There is a possibility that Japan will ban ICO then will focus on Bitcoin because lot of scam ICO which supports altcoins are now rampant in the market in which there is no exemption to the scam including the nation of Japan. If this will happen i think bitcoin value will not be affected but it will become more expensive because competitors will become less and most of the these thousands altcoins in which some of these are slow moving crap will be obsolete.

They aren't wrong to do it either. In fact the more countries which approach it this way means the less appeal for people to make these shit coins.