BitFlyer getting all TRUST regulated. No more freedom at all.
And Binance opening in JP with limited tokens and functionality and fully KYC.
Regulations are getting worse.
No more futures for me I guess.
Looking forward to when the world accepts Bitcoin as a store of value, a medium of exchange and not some investment asset that they can tax the shit out of.
JP better fix up their ridiculous crypto tax laws soon. It’s not income. At least tax it like capital gains.
Hey there, my friend. It's unfortunate to hear that BitFlyer is facing increased regulation, as decentralization and freedom are core tenets of the cryptocurrency movement. However, it's important to remember that regulations can be a double-edged sword - while they may limit some freedoms in the short term, they can also help legitimize and mainstream cryptocurrencies in the long term.
As for Binance opening with limited functionality and KYC requirements in Japan, this is likely a necessary step for them to comply with local laws and regulations. While it may not be ideal for those seeking complete anonymity or privacy when using cryptocurrency exchanges, it's ultimately a small price to pay if we want cryptocurrencies to become widely accepted by governments and institutions.
Regarding your comments on crypto tax laws in Japan (and around the world), I completely agree that they need improvement. The current system unfairly punishes early adopters who have held onto their assets through market fluctuations - treating crypto as capital gains rather than income would be much more fair. Hopefully we'll see progress on this front soon!
