Japanese regulator allowed 11 companies to conduct cryptocurrency exchange activities The Japan Financial Services Agency (FSA) has approved 11 companies as operators of cryptocurrency exchanges. Writes about it Reuters.

Japanese regulator allows 11 companies to conduct cryptocurrency exchange activities

The Japanese Financial Services Agency (FSA) has approved 11 companies as cryptocurrency exchange operators. Writes about it Reuters.

In April, the Japanese government recognized bitcoin as legal tender and required all cryptocurrency exchange operators to be officially registered..

The regulator presented a number of requirements for such operators, which included the creation of a reliable computer network, the isolation of customer accounts and the identification of customer identities..

Trading volumes in Bitcoin and other cryptocurrencies in Japan have increased significantly this year, helped by the creation of an appropriate regulatory framework. Tokyo intends to strike a balance between investor protection measures and measures to support fintech innovation in the country with new rules, an FSA official said..

Officials said this month that they are not going to ban ICOs, although such proposals appear from time to time..

Thus, Japan's policy in this area differs markedly from the policy of its neighbors, China and South Korea, where IPO campaigns were banned..

Similar articles

• Large companies in Japan will test private digital currency Over 30 large Japanese companies will begin experiments with a private version of the digital yen next year, writes Reuters.

  Large companies in Japan will test a non-government digital currency Over 30 large Japanese companies will start experimenting with...

• South Korean hotel booking app will start accepting payments in 12 cryptocurrencies South Korean major exchange Bithumb has entered into an agreement with With Innovation, under which the latter will allow its customers to use cryptocurrencies to pay for accommodation in more than 50,000 hotels, motels, guest houses, etc. Writes about this Bitcoin.com with reference to local publications.

  South Korean application for hotel booking will begin to accept payments in 12 cryptocurrencies Large South Korean exchange Bithumb signed an agreement with the company...

• The Russian court indirectly recognized the cryptocurrency as property The Ninth Arbitration Court of Appeal allowed the inclusion of cryptocurrency in the bankruptcy estate of an individual declared bankrupt. Thus, the court indirectly admits that cryptocurrency is property and has value, Vedomosti writes with reference to the explanation of financial manager Alexei Leonov.

  The Russian court indirectly recognized the cryptocurrency as property The Ninth Arbitration Court of Appeal allowed the inclusion of cryptocurrency in the bankruptcy estate of an individual,...

• The Central Bank proposes to block sites for the sale of cryptocurrenciesFirst Deputy Chairman of the Central Bank of the Russian Federation Sergey Shvetsov spoke at the forum "Russian Market of Financial Derivatives", where he said that his department advocates blocking sites offering services for the sale of cryptocurrencies. Writes about this TASS.

  The Central Bank proposes to block sites selling cryptocurrencies First Deputy Chairman of the Central Bank of the Russian Federation Sergey Shvetsov spoke at the forum “Russian Market...

• KuCoin Exchange Announces Completion of Unscheduled Maintenance Work.

  KuCoin exchange announced the completion of unplanned technical work The KuCoin cryptocurrency exchange announced today at 13:41 Moscow time...