Proposal “listing-dash-in-japan“ (Closed)Back

Title:Listing Dash in Japan
Owner:Samurai33
Monthly amount: 214 DASH (14584 USD)
Completed payments: no payments occurred yet (2 month remaining)
Payment start/end: 2020-03-15 / 2020-05-13 (added on 2020-03-09)
Votes: 896 Yes / 45 No / 0 Abstain
External information: app.dashnexus.org/proposals/listing-dash-in-japan/overview

Proposal description

Summary

This is the first proposal submitted for the Japanese market and for Dash Japan. Dash has been delisted from all Japanese exchanges based on the shared misunderstanding by Japanese regulators, their advisors, and several exchanges that Dash’s blockchain is private, untraceable, and cannot be audited.

Japan is among the largest countries economically (nominal GDP and PPP), and by population size. With respect to cryptocurrency, the island nation is one of the largest cryptocurrency trading countries. The government views cryptocurrency as a legitimate form of payment and it leads the Asia Pacific region and beyond in cryptocurrency regulations. The misunderstanding regarding Dash has serious ramifications beyond the lost growth opportunities in Japan. As Japan is viewed by other regulators as the leader in cryptocurrency regulation, many nations are considering replicating Japan’s regulations and actions within their own countries. The risk is a domino effect across the region could result if more nations begin to effectively ban Dash.  This risk manifested last year with South Korean exchanges replicating the Japan view on Dash. Dash Core Group reached out to South Korean exchanges to reverse a number of proposed delistings over the past year. To resolve this situation in Japan, we are requesting funding from the DAO to engage Japanese lawyers and CPAs for specific services related to engagement with regulators. These services will include, but not be limited to, drafting legal memorandums, demonstrating Dash blockchain is auditable, etc. 


Goals

  • To engage with regulators and ultimately list Dash on Japanese exchanges
  • Enable Dash as a form of payment in Japan, and grow within the country, have Dash listed on registered crypto asset exchanges in Japan and to gain status equivalent to current BTC, BCH, LTC, etc. within the country
  • To submit objective factual memorandums written by lawyers and CPAs to The Government of Japan, specifically the Japan Financial Services Agency (JFSA), Self-Regulatory Organizations such as the Japan Virtual Currency Exchange Association (JVCEA), regulatory influencers, and 21 registered exchanges


The situation in Japan

Although Japan has been a country with low economic growth rates for decades, it still has the third-largest GDP in the world and is the only G7 member in the Asia Pacific region. Japan is also a country based on values of democracy, respect for human rights and fundamental freedoms, a liberal economy, and compliance with international law. The population is 126.2 million and the financial assets held by individuals are about 16.8 trillion USD, averaging about $133,241 USD per person. 

Japan is the first country to establish a regulatory framework for cryptocurrencies. The cryptocurrency law came into effect in April 2017. By June this year, a revised law will be enforced, focusing on tighter regulations. Japan’s regulations around blockchain and cryptocurrency have received international praise from regulators as demonstrated in June 2019, Tom Neylan, secretary of the FATF, stated that Japan's cryptocurrency legislation was two years ahead of other countries (https://coinpost.jp/?p=93665). The focus on passing and implementing regulations by the Japanese Financial Services Agency(JFSA), which is responsible for Japanese financial administration, is due to the JFSA’s goal to be the global leader in cryptocurrency and blockchain regulation. Cryptocurrency is seen as a strong area for the country’s economic development. However, Japan has kept its focus on regulating the companies that offer cryptocurrencies such as exchanges, instead of the coins themselves. Currently, ownership or use of cryptocurrencies for payments is unregulated in Japan.

As of March 2020, there are 21 registered and licensed exchanges in Japan, however none of these exchanges have Dash listed on their platforms. This means that residents of Japan have no legal way to purchase Dash (The residents of Japan include about 1.65 million foreign workers. The number of foreign workers has increased about eight times in 20 years, and is expected to increase in the future.). Japanese exchanges who desire to list a new cryptocurrency must go through an approval process submitted to the Japan Virtual Currency Exchange Association (JVCEA), a legally recognized Self-Regulatory Organization. This organization in turn reports to the JFSA.

Although there are no laws or guidelines in Japan specifically prohibiting the listing of Dash, JVCEA has issued guidelines that has in effect prevented Dash from operating in Japan. The relevant guidelines  on cryptocurrencies to avoid issued by the JVCEA states:
  • “Cryptocurrencies that are extremely difficult to trace transfer records”, 
  • “Cryptocurrencies that are difficult to properly audit by a certified public accountant or an audit firm”, and 
  • “Cryptocurrencies that are likely to be used for the Money Laundering and the Financing of Terrorism." which are prohibited under Self-regulation rules. 
Dash has fallen into these categories in the minds of the JVCEA largely due to an existing larger general misconception about Dash carried by many individuals and thought leaders in this space, that Dash is a privacy coin, which Dash Core Group publicly addressed here. Additionally, the lack of awareness that Dash is auditable has been a significant factor to the JVCEA’s view on Dash, due to the Payment Services Act, which requires that crypto asset exchanges and their listed crypto assets be audited by a Japanese audit firm or a certified public accountant. In fact, in 2018 a member of a study group on virtual currency exchange businesses established by the JFSA mentioned Dash, ZCash, and Monero as problematic cryptocurrencies susceptible to use for illicit purchases and money laundering. 

As described in more detail within the document “Dash Complies with the Financial Action Task Force (FATF) Guidelines Including the ‘Travel Rule’”. The current classifications of Dash are patently incorrect and absurd. Since Dash’s transaction rules are identical to Bitcoin, more complex and numerous privacy options exist for Bitcoin compared to Dash, and Bitcoin has been approved by the Japanese regulators, a reasonable person would conclude that Dash should also be whitelisted by regulators given its lower regulatory risk than Bitcoin. 

There are several factors and events that directly led to the regulators’ position on Dash in Japan. These include:
  • A member of a study group on virtual currency exchange businesses established by the JFSA said Dash, Monero, Zcash, etc. were very suspicious in terms of AML regulations at a meeting of the study group. (April 2018) 
  • A member of a study group on virtual currency exchange business established by the JFSA, said in an Abema TV program, “Dash has traditionally been called darkcoin. It is a virtual currency that was developed from the beginning to do bad things.” (February 2018) 
  • A member of a study group on virtual currency exchange business established by the JFSA, said in an interview with the famous economic magazine “Weekly Diamond”: Regulators should consider banning the listing of highly anonymous currencies whose transaction records cannot be traced. For example, Dash is a cryptocurrency that is easy to use for money laundering, and regulators should not overlook exchanges listing such cryptocurrencies. (March 2018) 
  • There was a report that Dash was used for money laundering by a Japanese gang together with Monero and Zcash in the article of The Mainichi Shimbun Newspaper. (May 2018) 
  • Coincheck has delisted Dash, Monero and Zcash simultaneously, removing any perceived obstacles to attaining a license from the Japanese government. (May 2018) Their judgment spurred the public view of equating Dash with Monero and Zcash.
  • The Nikkei reported as follows when JVCEA drafted the Self-regulation rules: The association also wants to prohibit exchanges from accepting new currencies that cannot be traced to previous sellers, since such currencies could easily be used for money laundering and are hard to monitor. Highly anonymous coins like Monero, Dash and Zcash could be forced out of the mainstream. (June 2018) 
  • An audit firm has listed Dash, Monero, and Zcash in its own publication, as cryptocurrencies that are difficult to audit. (November 2018) 
These above assertions/actions by the working group, Coincheck, and the consulting firm are of course both patently false and highly inaccurate in classifying Dash as a privacy coin. Dash is built on a transparent blockchain and forked from whitelisted projects with no change to transaction rule-sets. Given Japan’s regulatory bodies’ prestige among other nations’ regulatory agencies, we have begun to see a domino effect, particularly in the Asia Pacific Region, as other countries such as South Korea, begin to target Dash for delisting. This was evidenced through announcements from exchanges such as Upbit Korea, OKEX Korea, and Bithumb. Dash Core Group has been working hard to reverse these decisions, raise awareness about the reality of Dash and how it complies with all relevant regulation, however, this domino effect is still a visible threat to Dash’s growth.


What is Being Done to Remedy the Situation

For the past year, I have been working closely with Dash Core Group to remedy the situation. 
  • In September, 2019, Glenn Austin, CFO of Dash Core and I met with the JVCEA to present and submit the "PrivateSend Legal Position" document (I did the translation) in person.
  • To reverse the decision and opinions of exchanges and regulators, and whitelist Dash in Japan, we have been advised on the following steps: We have been advised by exchanges and other entities, with clear instructions on the first few required steps to change the situation in Japan and whitelist Dash in Japan. These are:
  1. It is recommended that legal and CPA memorandums outlining their expert opinions on Dash auditability be drafted and submitted to the regulator authorities
  2. Japanese Auditing firm or big 4 accounting firm must audit Dash and submit the report to the regulators through exchanges
  3. An exchange partner with Dash listed and licensed to operate in Japan, must submit an application, including an audit of Dash in their systems to regulators
  • We have identified a Japanese law firm well versed and experienced within the cryptocurrency space. We would like to contract them to draft and submit the legal memorandum.  
  • We require an audit of a partner exchange who can list Dash and is willing to submit Dash for regulator approval. We are currently in progress of identifying an exchange partner to go through this process with.
  • We are in conversations with big four firms to conduct the audit of Dash

Necessity of this proposal

As mentioned above, we have visited and submitted to the JVCEA our "PrivateSend Legal Position". This document has also been mailed to the JFSA department. It is unlikely however, that Dash Core Group and I will be successful in changing the JVCEA’s view of Dash without the support of third parties such as local, professional services (legal and CPAs) as well as exchanges. We need to leverage the credibility of these third parties to resolve the multitude of misconceptions surrounding Dash in Japan. Additionally, one exchange executive has outlined the overall process to reverse the delisting process. This entails submitting memorandums explaining facts objectively to regulators and exchanges. Memorandums by non-stakeholder lawyers and CPAs will be taken seriously by regulators.The memorandums by lawyers and CPAs are opinions based on the firm’s knowledge and experience, but are not based on any actual audits or assurance standards. Therefore, these alone do not guarantee clearing the misunderstanding by regulators on Dash’s auditability nor that Dash will be listed on a Japanese exchange. However, these are part of the overall process the Japanese regulators and exchanges have expressed to us. Without the memorandums, we will definitely not be listed on any exchanges in Japan. Furthermore, an exchange is required to lead the application process for Dash approval by regulators. Exchange partners we are in discussions with to work with Dash Japan and Core Group on submitting the application, require the aforementioned memorandums to move forward.To assist in drafting a memo stating that Dash is fully auditable, we have identified a CPA firm, a company with significant experience working within the cryptocurrency industry.The benefits of resolving this misunderstanding are not localized to Japan or even the Asia Pacific region. Once the misunderstanding has been cleared with Japanese regulators, Dash Core Group and Dash Japan plan on leveraging our success with regulators in Japan to publicly raise awareness about Dash’s auditability and compliance with relevant regulations to regulators and exchanges all over the globe. This misunderstanding has proved to be an impediment in several discussions with partners located all over the globe.Dash Core Group and I will jointly support these parties in drafting these memos as well. 


Deliverables of this proposal

  • 1 Legal Memo to submit to regulators in Japan
  • 1 Memo by auditors (CPA) on the auditability of Dash to submit to JVCEA
  • 1 Application with a partner exchange submitted to JVCEA
  • Dash listing in Japan at least one reputable exchange as soon as possible
Note: Memorandums cannot be made public as they are confidential. However, we will update the community on the progress of the drafting.


About me

I am Yosuke SUDA (https://www.linkedin.com/in/yosukesuda/). I run DashJapan.com, Dash's Japanese website. In March 2017, I began working on spreading awareness and adoption of Dash in Japan under the username Samurai33. To date, I have been updating the community on the situation of Dash in Japan through the Dash Forum (https://www.dash.org/forum/threads/the-situation-in-japan.31816/). I also regularly share information about Dash on my Twitter account, which currently has 4,000 followers as of March 2020. In addition, I currently serve as the moderator on the Discord server for the Japanese Dash community, which holds 6 translators and 30 community members. Finally, I have dedicated over 200 hours in supporting Dash Core Group in their efforts with Japanese regulators. 

My collaborator is Taiki who runs DASH Japan Meetup. We are the Dash Japan Team. We have been working with the Dash Core Group to get Dash listed on Japanese exchanges. Last September, Glenn, Taiki, and myself attended the FIN/SUM, a conference hosted by the JFSA and the Nikkei. We also had the opportunity for direct dialogue with regulators and exchanges. That is mentioned in Q3 2019 Summary Call by Glenn (https://youtu.be/EXS889lZDKg?t=4159).

Dash Core Group has no dedicated staff in Japan. When Glenn came to Japan in September, I made all the appointments to regulators and exchanges. For all of the work and time dedicated to Dash, I have done so as a volunteer without a budget. I have never asked the Dash network for compensation. I live in a city about 300 km away from Tokyo, so my travel expenses to Tokyo are included in this cost. 

Cost

1)  A memorandum by lawyers: $18,000
(This corrects misunderstandings about Dash)

2) A memorandum by CPAs: $9,000
(This indicates that an exchange listing Dash can be audited)

3) Dash Core Group Travel to Japan: $2,100
  • Either Ryan Taylor, Glenn Austin, or Omar Hamwi will be required to travel to Japan to meet with regulators and partners
  • Based on $1,500 average flight cost to Japan from Phoenix, $50 for meals and transportation, $100/night for a hotel near the government offices, for four days
4) My Travel to Tokyo: $900
  • Based on $300 for Round-trip transportation costs from my place of residence to Tokyo, $50 for meals and transportation in Tokyo, $100/night for a hotel near the government offices, for four days
· 423.73 Dash ($30,000 USD @ $70.8 per Dash)· 5 Dash proposal reimbursementTotal: 428.73 Dash@ 2 months - 214.36 Dash per month ($15,177 USD per month)Prices based on CoinMarketCap as of 10:25 am U.S. CT, 3/9/20

How to receive the budget

Proposal funds will be sent to a Dash Core Group wallet who will in turn pay all fees to relevant parties, such as Japanese legal fees, CPAs, travel, etc. Dash disbursed to Dash Core Group, should this proposal pass, will be immediately converted to USD to remove volatility risk. Fees will be paid in USD as there are currently no exchanges in Japan with a Dash/Yen pair as a result of the situation we are working to resolve in Japan. 


Dealing with price fluctuations

Should Dash rise in price following the disbursement of funds, the additional resulting value will be spent on funding the Japanese-English translation team’s fees, and costs related to Dash Japan’s participation in a number of influential blockchain conferences in Japan.  Should the price of Dash decline by over 5%, the remaining amount will be converted to fiat to lock in the price, and the gap in costs will be supplemented by Dash Core Group.

Reporting progress

Upon completion and submission of each memorandum, Dash Japan will notify the community through Discord. I will report it to the community on Twitter and Dash Forum. In addition, I will continue to report on the future situation of Dash in Japan.


Links


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Discussion: Should we fund this proposal?

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1 point,6 months ago
If you look at when the Dash price went above $1500 USD the great majority of the investment was coming from Korean money. I did not see much in the way of Japanese investment in Dash.

The problem with DASH in Korea and in Japan is that the mixing of the coins of private send is in the wallet itself. You can argue all you like about Dash being the same as Bitcoin however I cannot see that changing anything because mixing with Bitcoin occurs on 3rd party wallets.

Dash is listed by the EU as an anonymous coin because of the mixing at the protocol level in the Dash core wallet. To get back on those Korean and Japanese exchanges we would have to remove Dash mixing from the core wallet so that Dash would be classed as a pseudonymous coin like Bitcoin.

I do not believe Korean and Japanese exchanges will take the risk of a coin that has protocol level mixing. DCG state that with cointracking services an exchange can choose to accept or not the transaction. If a coin has protocol level mixing then I really do not see how they are going to accept listing that coin unless they are fully able to track the history of transactions with private send. If they can track the full history even with 8 rounds of mixing then you may have a chance to get listed but if not then I think you will have problems getting DASH listed in Japan.
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0 points,5 months ago
Samurai33 does have the FATF letter of compliance to work with that Ryan engineered, so he does have an opening with regulators in Japan, but I am questioning the ask with the rise in Dash price and 7% block reward reduction. May have to change my yes vote, this is not a front burner project for me in this market environment.
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1 point,5 months ago
Thanks for the comment. It is difficult to get the regulatory understanding only from the DCG FATF guideline document and "PrivateSend Legal Position." Mass media, experts, and a well-known audit firm are spreading false facts about Dash. It must be shown by lawyers that DCG's statement is an objective fact. Leaving this situation in Japan would be an obstacle for the Dash project.
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0 points,6 months ago
Thank you for your comment.

It is wrong to consider Japan as a smaller market than Korea. In terms of BTC/JPY trading volume, Japan far exceeds Korea(https://www.cryptocompare.com/coins/btc/analysis/USD). In Japan, we were able to buy and sell Dash on Coincheck between April 2017 and January 2018. For coins other than BTC, Coincheck is a broker. Coincheck was buying and selling Dash on foreign exchanges. Coincheck did not disclose their Dash trading volume. Also, the exchange licensing law was enacted in Japan in May 2016. A similar law was enacted this month in Korea.

You may think that Japanese regulators and the exchange have delisted Dash after careful research, but the fact is different. A study group established by JFSA discussed the exclusion of Dash, leaving Dash classified as "anonymous currencies" by their impression. The members of the study group did not discuss bitcoin mixing. Note that no laws or self-regulation rules are prohibiting protocol-level mixing. There is only a clause in the self-regulation rules that states, "cryptocurrencies that are extremely difficult to trace must not be listed."

NHK of Japan reported that $ 540 million of NEM stolen from Coincheck was mostly exchanged for BTC and split into over tens of millions of addresses. Despite this fact, Japanese regulators consider Bitcoin traceable. If so, Dash is also traceable. Because even if 8 rounds of mixing is used, it is possible to count the relevant addresses.

Both regulators and exchanges lack the resources to research Dash. For example, one regulator emailed me, "In Bitcoin transactions, both input and output are one, but Dash's inputs and outputs are both multiple." They didn't seem to know the change output of Bitcoin.

From an AML/CFT perspective, there is no point in distinguishing between third-party mixing and protocol-level mixing. Prohibiting protocol-level mixing does not enhance AML/CFT. Rather, users must trust on third parties, which is not excellent in terms of user protection, which regulators value.

The important thing is to engage with regulators and exchanges using memorandums that describe objective facts objectively. First, we should correct misunderstandings about Dash.
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0 points,6 months ago
@Samurai thanks for your informative answer. I believe regulators need to be educated without a question on that. However having spoken to many firms specialising in cointracking at blockchain conferences all of them stated that coins such as a Dash that have protocol level mixing to obscure the history of the transactions are unlikely to be accepted by exchanges either now but more so in the future.

In your reply above you mention this:

"There is only a clause in the self-regulation rules that states, "cryptocurrencies that are extremely difficult to trace must not be listed."

Could I ask you regarding the point above. If the DASH coin had gone through 8 rounds of mixing would that be classed as "extremely difficult to trace" ?

I have not voted yet on your proposal. I definitely am in favour of educating the regulators however what I am saying is that because we have protocol level mixing and that mixing is built into our Dash wallet by default exchanges will be unlikely to accept DASH even if we do educated them on it for the very reason that the coin has the in-house capabilities of being untraceable with large rounds of mixing.

Could you clarify if DASH coins went through 8 rounds of mixing would the full transaction history of those coins still be traceable and trackable?

If the Dash coins had been through 8 round of mixing would an exchange accept the coins?

I definitely believe we should clear up misunderstandings about DASH but what I am saying is that even after you clear up the misunderstandings I can see them still not listing DASH because of the mixing capabilities of the coin built into the protocol and the core wallet by default. Whether the legislation mentions coin mixing or not is irrelevant because the result is what counts.

Therefore can you clarify if DASH coins went through 8 rounds of mixing would that create coins that were "extremely difficult to trace" ? If you're answer is "yes" what approach would you take to convince a regulator that DASH inherent protocol level mixing would not pose a risk ?

I have read what you state above that there is no point distinguishing between third party mixing and protocol level mixing. I would say there is most definitely more of a risk because as people learn about mixing they are more likely to use it if it is built into the wallet rather than trust 3rd parties to do the mixing. The difference is with protocol level mixing Dash, itself is responsible for the mixing meaning Dash itself can lead to coins that are untrackable. With 3rd party mixing it not the coin itself that is responsbile for the mixing rather a 3rd party and therefore the responsibility is down to the actual person. To draw on an example with iPhone. Apple do not allow apps to be installed on their phones by default that have not been approved by apple. However if a customer jailbreaks that phone then the customer becomes responsible for the phone's security and not Apple.

I can also speak from my own experience regarding mixing. I did not use mixing for a whole year because I was not familiar with the technology however after time I tried it out because it was in the Dash core wallet and therefore I had confidence in using it then I used it more frequently. I would not, however, use a 3rd party mixer due to lack of trust of that 3rd party. Therefore my concern is that DASH itself provides the mixing feature it means Dash itself is responsible for the mixing technology and therefore also responsible for un trackable coins.

I have not yet voted on your proposal and the reason I'm asking these questions is to better understand your perspective on these points. I am definitely in favour of better educating regulators.
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0 points,6 months ago
@DeepBlue Thank you, I appreciate your reply.

>Could I ask you regarding the point above. If the DASH coin had gone through 8 rounds of mixing would that be classed as "extremely difficult to trace" ?
Bitcoin allows users to make tracing Bitcoin extremely difficult by using the Wasabi Wallet and others. It is my claim that if Bitcoin is not classified there, Dash should not be classified either. CoinJoin transactions have worked since the first day of Bitcoin. From the start, users could create CoinJoin transactions without changing the protocol. JVCEA's self-regulation rules are not laws and are relatively easy to change.
This clause is not sophisticated. JVCEA does not define "extremely untraceable" ("追跡が著しく困難" in Japanese).

>Could you clarify if DASH coins went through 8 rounds of mixing would the full transaction history of those coins still be traceable and trackable?
I believe that coins that have published sender addresses, the recipient addresses, and the remittance amount on the blockchain should be classified as traceable coins.

>If the Dash coins had been through 8 round of mixing would an exchange accept the coins?
The exchanges will do the risk scoring, and it will be accepted if there is no problem. Japanese exchanges must notify JFSA if they detect a transaction that could be a transfer of criminal proceeds. The guidelines are in place(https://www.fsa.go.jp/str/jirei/index.html#crypto). If a user uses Wasabi Wallet mixing or PrivateSend mixing, the user may be suspicious. It doesn't matter if the mixing is protocol-level or third-party. However, if the user mixes a small amount of coins to protect their privacy, the probability of suspicion will be low. Users should keep transaction records so that they can be clearly explained when they are suspected.

The wallet developers are not responsible for the mixing that users perform. The person who performs the mixing is responsible. This was shown in a trial in Japan of the Winny copyright infringement case (https://en.wikipedia.org/wiki/Winny_copyright_infringement_case). The iPhone example is inappropriate. Bitcoin allows users to mix coins from the start.

I recommend the use of blockchain analysis services and risk scoring of customer deposits and withdrawals for Japanese exchanges aiming to list Dash. Naturally, strict identity verification is required. It may be necessary to have customers register the address to be used when depositing and not accept deposits from other addresses. In the first place, these measures should be necessary to list Bitcoin.

PrivateSend is not a feature for criminals. It is intended to improve the privacy of general users. For exchanges that can't accept Dash, it should be more challenging to accept Bitcoin's Lightning Network, Taproot/Schnorr, and Litecoin's Mimblewimble.
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0 points,6 months ago
@Samurai33 it may be a little much to expect all users, even non sophisticated users, to keep a complete record of previous transactions in order to ensure they can always use their coins. In addition I feel that the mixing feature could be inadvertently used and lead to someone not being able to actually trade their coins at exchange or merchant. This actually leads to a decrease of fungibility.

Since mixed coins may not be accepted by some exchanges without presenting a past history, and a customer may not have such a past history wouldn't this make DASH non fungible? Definition of fungibility being that one unit of currency equals another unit of currency i.e. capable of mutual substitution. In this case mixed coins may not be capable of mutual substitution vs non mixed coins because large amounts of mixed coins may have restricted use at certain exchanges.

If mixing coins is the customers' responsibility as you state then do you feel the customer have the right to know this? If so how to inform a customer of their responsibilities when using mixing? Customers may feel very disappointed to use the mixing feature only to find now they cannot send their coins to an exchange.

What advice would you give to a MNO that may have mixed many masternodes previously and may wish to send several masternodes worth of DASH to an exchange if they do not have their past history of transactions?
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0 points,6 months ago
@DeepBlue Thanks for your reply.

It is my opinion that if users use PrivateSend, they should maintain evidence to prove that they are not a criminal, as they may be suspected. I don't think it's that difficult to keep wallets they used and receipts they received. MNOs who did a lot of mixing would have no problem if they could show that they were operating the masternode.

I believe that notices for users of PrivateSend need to be further enhanced in the future.

The more cryptocurrencies are used for payment, the more the coins mix. It isn't easy to distinguish between mixed coins and unmixed coins. Without the consensus of accepting mixed coins, I think cryptocurrencies will not spread to the world as a means of payment. The recipient of the bill does not care about the history of the bill.

It is challenging to prevent money laundering, terrorist financing, and other crimes by just tracing coins. The most important thing is identity verification. Criminals will not want to use exchanges that require strict identity verification.

The concerns you have shown in this reply are not specific to Dash but are common to many cryptocurrencies such as BTC, BCH, LTC, which are already whitelisted in Japan. I think it should be widely discussed at places such as the Dash Forum.
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0 points,6 months ago
@Sumarai33 thanks for your replies. Voting yes. Good luck.
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0 points,6 months ago
@DeepBlue Thanks for your support, and I appreciate your comments. Wish us luck.
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0 points,6 months ago
@Samurai33 Whatever happens I would be very grateful if you could let us know what your learnings were. I am very interested in this subject. Many times I have come across blocks or barriers in business like this but found ways around them. When I hit an impass a few questions I call on are: What would have to happen inorder to X? , What would we have to do in order to X? , What changes would be required in order for X to happen? Where X is the thing you want. These open questions can help to keep the dialogue going and learn what are the barriers are to progressing. If DASH is to be Digital Cash for the World we need to be accepted around the world. If you could get DASH listed in Japan it would have a huge knock on effect throughout all of Asia for DASH.

Dash is the best technology out there so far for Digital Cash. The fastest and most secure - and alos the coolest brand. We have some of the smartest Devs that come up with amazing ways to solve problems. Everyone world wide should have the opportunity to experience DASH.

Good Luck!
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0 points,6 months ago
Thanks for the useful advice. I strongly agree that Dash is the best technology. In the face of this subject in Japan, I have realized that Evan's vision is excellent. It is the following words written in the whitepaper:
Any user should be able to act as an auditor to guarantee the financial integrity of the public ledger without compromising others privacy.

Thank you so much!
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0 points,6 months ago
Yes from me.
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0 points,6 months ago
Thanks for your support!
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2 points,6 months ago
Japan is such a key market for crypto. To be shut out of it for silly reasons that don't even have a basis in reality is astounding. We shouldn't even have to be making these grand gestures, but I get it. This proposal has my full support.
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1 point,6 months ago
Thanks for your full support. As you say, it's astounding that Dash is shut out. Please keep an eye on it.
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3 points,6 months ago
You have my vote!
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0 points,6 months ago
Thanks for your support!
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3 points,6 months ago
I confirm that the wallet address provided for funding (should the proposal pass) is a DCG controlled wallet
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0 points,6 months ago
Glenn, thanks for the support!
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0 points,6 months ago
Knowing the situation in Europe pretty well, where the situation is similar in some areas, I strongly support this proposal.
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0 points,6 months ago
Thanks for your support. I am convinced that correcting misunderstandings about Dash in Japan will have positive effects on Europe.
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0 points,6 months ago
What are the most popular Dash/JPY gateways in Japan? I know there was a clampdown that was eased, but I am curious what the gateway situation is there at the moment. Thanks.
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2 points,6 months ago
Currently, there is no popular Dash/JPY gateway in Japan. In the past, from April 2017 to January 2018, Coincheck provided a user-friendly gateway. It is difficult for Japanese users to exchange Dash for JPY unless they exchange Dash for BTC. Also, there is no legitimate exchange for exchanging Dash for BTC, and access to it may be blocked.
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