The Crypto Times
Image default
Bitcoin Industry News

Japan Gives Green Light to 2 New Crypto Exchanges, 140 More Eager

The Japanese Financial Services Agency (FSA) only approved two new exchanges this week from the 140 exchanges eager for approval. The two new cryptocurrency exchanges include Rakuten Wallet Co. Ltd and Decurret Co. Ltd.

19 Total Approved Exchanges

The FSA also revealed that it took them an estimated six months in order to complete the requirements for the main valuation process in order to be registered as a dealer and broker of cryptocurrency assets. As of now, only 19 exchanges have been approved in Japan.

The approval of Rakuten Wallet Inc. was celebrated by the company, as they are now officially considered as virtual currency exchange. Rakuten Group has more than 70 Internet and Fintech services throughout 30 different countries, and 1.3 billion registered users worldwide.

Additionally, Decurret made an announcement on March 25 that it finally completed the registration process as a crypto exchange service, and now aims to be the major banks’ standard for digital currency transactions.

Related posts

SXSW of Blockchain to Take Place October 27 in San Francisco

Miles

Cryptocurrency Startup Ledger Secures $2 Million Investment From Samsung

Viena Abdon

MakerDAO Token Owners to Vote on Lowering DAI Stability Fee

Viena Abdon

Head of Kraken’s OTC Sales Says It’s Too Early to Call Bitcoin an Investor Safe Haven

Viena Abdon

Fake Satoshi News Tricks Chinese Investors and Causes Bitcoin SV Surge

Viena Abdon

Kaleido Becomes First Blockchain Service Provider to Integrate QEDIT’s Zero-Knowledge Proof Enterprise Privacy Solution

Viena Abdon