Popular Post LeonidasH 2,159 Posted April 27, 2019 Popular Post Share Posted April 27, 2019 https://xrparcade.com/news/new-sbi-presentation-sbivc-to-go-live-after-regulation-amendments-ripple-money-tap-investment-being-considered/ jlr, GrumpyDon, GiddyUp and 13 others 9 7 Link to post Share on other sites
fiik 1,321 Posted April 27, 2019 Share Posted April 27, 2019 PDF Roaring_Twenties, Hodor, GiddyUp and 1 other 2 2 Link to post Share on other sites
stickmonster 946 Posted April 27, 2019 Share Posted April 27, 2019 1 hour ago, LeonidasH said: https://xrparcade.com/news/new-sbi-presentation-sbivc-to-go-live-after-regulation-amendments-ripple-money-tap-investment-being-considered/ "noxious hard forks" :-) Link to post Share on other sites
kenrino 821 Posted April 27, 2019 Share Posted April 27, 2019 2 hours ago, stickmonster said: "noxious hard forks" :-) clearly, who would want to be involved in something like the bitcoin cash debacle. It's a major advantage for Ripple with the team working behind the protocol. Link to post Share on other sites
PunishmentOfLuxury 1,649 Posted April 28, 2019 Share Posted April 28, 2019 What if the relevant legislation is not passed by the Diet by late July? Preparing myself for yet another SBIVC delay. WillGetThere, Scout, Artificer and 1 other 3 1 Link to post Share on other sites
mm421wsp 100 Posted April 28, 2019 Share Posted April 28, 2019 9 hours ago, PunishmentOfLuxury said: What if the relevant legislation is not passed by the Diet by late July? Preparing myself for yet another SBIVC delay. But they said "soon" and there's a PDF... captainjack 1 Link to post Share on other sites
Roaring_Twenties 3,696 Posted April 28, 2019 Share Posted April 28, 2019 (edited) There obviously could be delays in our future but there also appears to be greater clarity today in Japan as what needs to be worked first. I see the Japanese slogging away in a seemingly pro-business approach. My point is I interpret their actions as striving to find a way to make this all work vs striving to find a way to say no. I view them as searching out root causes that are hindering progress and development of this initiative and developing countermeasures to those root causes to move forward. The excerpt below is from the site Sankei Biz (and the translation is believed to be accurate) Per Sankei Biz, https://www.sankeibiz.jp/macro/news/190422/mca1904220500003-n1.htm 'International rules are being developed to prevent money laundering and terrorism funding, with virtual currency restrictions in place. On the other hand, there are no rules in terms of the protection of customer assets and the soundness of the market, and it is the first time that certain ideas are shared internationally. In the manual, (1) Necessary measures to protect customer assets (2) Measures against cyber attacks (3) Ways of providing information to customers, etc. and it will illustrate the way of regulation, etc. With regard to the regulation of virtual currency, some countries prohibit trading, while other countries favor over-regulation to avoid picking up future innovations. Since it is difficult to establish common rules, we decided to take the form of a guidebook, to have the know-how taken in a form that suits each country, and to raise the level of regulation. In Japan, a large virtual currency outflow occurred in January and September last year. At that time, it became clear that the company's asset management method and cybersecurity measures were inadequate. The FSA is now aiming to amend the Financial Instruments and Exchange Law and the Fund Settlement Act in parliament in order to make trading companies thoroughly protect their client assets.' *Side note and adding no credence to the article but, interestingly enough, the phrase 'sankei' translates to 'homage' or 'homage to business'. I just found it interesting as it seems to clearly convey the Japanese mindset to me. Edited April 28, 2019 by Roaring_Twenties Grammar GiddyUp, EcneitapLatnem, WillGetThere and 5 others 6 2 Link to post Share on other sites
panmores 2,197 Posted April 28, 2019 Share Posted April 28, 2019 (edited) So... instead of investing in the Ripple ecosystem, Kitao-san now wants Ripple's money, and to please him Ripple welcomes him to the board of directors?! Edited April 28, 2019 by panmores Link to post Share on other sites
GiddyUp 4,029 Posted April 28, 2019 Share Posted April 28, 2019 If I understand correctly, the cultural business model in Japan is to make decisions based on consensus as opposed to the top-down American model, so a seat on the Ripple board of directors seems like a natural and comfortable progression in the very close partnership desired. dr_ed, G-Men, King34Maine and 3 others 6 Link to post Share on other sites
Spartaksus 237 Posted April 28, 2019 Share Posted April 28, 2019 I guess the appointment of Kitao was from the category ,,forced marriage,,. He is not satisfied with some Ripple´s decisions and as one of the biggest stakeholders and XRP holders he wants to have better position to influence where the company is heading. e.g. R3 dik, Cesar1810, Zerp_Legend and 1 other 4 Link to post Share on other sites
dr_ed 8,204 Posted April 28, 2019 Share Posted April 28, 2019 Why wouldn't he be on Ripple's board? It seems fairly normal and benign to me. Big stakeholders end up on boards. kenrino, WillGetThere and GiddyUp 3 Link to post Share on other sites
King34Maine 2,260 Posted April 28, 2019 Share Posted April 28, 2019 (edited) On 4/28/2019 at 10:38 AM, Spartaksus said: I guess the appointment of Kitao was from the category ,,forced marriage,,. He is not satisfied with some Ripple´s decisions and as one of the biggest stakeholders and XRP holders he wants to have better position to influence where the company is heading. e.g. R3 The fact of the matter is that we don't know what's going on behind the scenes or the motivations for change in hierarchy. I view this as a positive gesture as Yoshitaka Kitao knows the ebb and flow of the Asian financial markets extremely well. His presence on Ripple's BoD will most likely be seen as an emphatic overture of confidence he has in Ripple to the rest of Asia, particularly China!! The way in which he extols Ripple/XRP and R3 as the "Global Standard," I believe, his BoD status is the culmination and validation of his words. Ripple is undergoing a transition away from its "Startup Geist" into a full-fledged global/international company. Changes to its BoD is inevitable as they begin to grow. It wouldn't surprise me if there are a few more changes in the BoD membership in the near future. Again, who knows, but at first glance, I don't see this as a negative. Edited April 30, 2019 by King34Maine Cesar1810, dik and GiddyUp 3 Link to post Share on other sites
Archbob 1,045 Posted April 28, 2019 Share Posted April 28, 2019 He just replaced the SBI Asia guy on the board. I don't see this as a big deal either way. Cesar1810 1 Link to post Share on other sites
fiik 1,321 Posted April 29, 2019 Share Posted April 29, 2019 23 hours ago, panmores said: So... instead of investing in the Ripple ecosystem, Kitao-san now wants Ripple's money, and to please him Ripple welcomes him to the board of directors?! haha, such a bleakish view As one of theR's and xrps biggest protagonists and per K34M, Im going for the breakish view (in a good breakish way... records in ath's, utility, end of btc maxis naying - now prayin' ) things like that panmores and automatic 2 Link to post Share on other sites
Shuz 158 Posted April 29, 2019 Share Posted April 29, 2019 I believe it was in one of cyrpto eris vids that she stated that the japanese government has been handing out booklets on how to legalize crypto currency Cesar1810, GiddyUp and Kpuff 3 Link to post Share on other sites
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