30 Sep '17, 5pm

Japan Issues Cryptocurrency Exchange Licenses

Japan Issues Cryptocurrency Exchange Licenses

In stark contrast to its neighbors China and South Korea , who are increasing efforts to ban ICO’s and the trade in digital currencies, The Financial Services Agency (FSA) in Japan approved 11 companies to operate cryptocurrency exchanges in the country. Exchanges are now allowed to operate without a license up until this point but regulating the industry will aid in the fight to combat fraud, while still keeping innovation alive. FSA officials say: “With the new regulation, Tokyo aims to balance the need to protect investors with the need to support fintech innovations.” To obtain a license, companies have to adhere to a number of strict requirements, including segregation of customer accounts and building strong computer systems. Industry officials believe that this move will further strengthen Japan’s position as the top Bitcoin trading hub , along with the government’s...

Full article: https://cointelegraph.com/news/japan-issues-cryptocurrenc...

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Japan Issues Licenses for 11 Bitcoin Exchanges

coindesk.com 29 Sep '17, 11am

Japan's Financial Services Agency (FSA) has issued operating licenses to 11 bitcoin exchanges, the regulator announced tod...

“11 bitcoin-exchanges received a license to operate in Japan” by Happy https://t.co/ZAXdqH8UsX

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medium.com 30 Sep '17, 2am

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