Skip to main content

Japan Approves 2 New Crypto Exchanges – 140 More Interested

Japan Approves 2 New Crypto Exchanges - 140 More Interested

Japan’s top financial regulator has shared with news.Bitcoin.com some stats pertaining to cryptocurrency exchange registrations. Out of 23 new applications the regulator has received, two have been approved so far. In addition, there are over 140 more companies interested in entering the market.

Also read: Indian Supreme Court Set to Hear Crypto Case on March 29

Over 140 Companies Interested, 2 Approved so Far

The Japanese Financial Services Agency (FSA) approved the applications for two new cryptocurrency exchanges this week — one from Rakuten Wallet Co. Ltd. and the other from Decurret Co. Ltd.

The FSA exclusively told news.Bitcoin.com:

The number of entities which have expressed interest in market entry as virtual currency operators in Japan (Including preliminary consultation/inquiries regarding registration) is more than 140 since last March.

Japan Approves 2 New Crypto Exchanges - 140 More Interested

The regulator further shared that “Among 23 entities from which FSA has actually received questionnaire … seven entities are under the main evaluation process as of this March.” Out of the seven, only Rakuten Wallet and Decurret have been registered so far.

The FSA also told news.Bitcoin.com that “it took us about six months to complete the required procedure from the main valuation process to the registration as crypto-asset broker dealer.” With the latest additions, Japan now has 19 approved crypto exchanges.

Rakuten Wallet

Following the FSA’s announcement, Rakuten Inc. issued a press release Tuesday confirming that its wholly owned subsidiary, Rakuten Wallet Inc., has been registered as a “virtual currency exchange service provider.” Rakuten Group provides over 70 internet and fintech services in 30 countries and regions, with almost 1.3 billion members worldwide, its website claims. The announcement explains:

The company changed its trading name from ‘Everybody’s Bitcoin Inc.’ to ‘Rakuten Wallet Inc.’ on March 1, 2019, and will stop its current service at the end of March. Users can open new accounts for a new service from April.

Japan Approves 2 New Crypto Exchanges - 140 More Interested

Established on Dec. 15, 2016, Everybody’s Bitcoin began its crypto exchange service on March 30, 2017. The company applied for registration with the FSA on Sept. 7 of the same year but was not approved till now. Rakuten noted that the regulator allowed the exchange to operate as a “deemed virtual currency exchange service provider” while its application was being reviewed.

On April 25 last year, Everybody’s Bitcoin received a business improvement order from the FSA and proceeded to restructure its management system. Rakuten Inc. announced the acquisition of the exchange in August last year. According to information on the FSA website, the new Rakuten Wallet exchange will offer the trading of BCH, BTC, and ETH.

Decurret

Startup Decurret announced Monday that it has completed registration as a crypto exchange service provider and is opening its doors for business. Established in January last year, the Tokyo-based company aims to “be the ‘digital currency main bank’ that is the standard for digital currency transactions with security and convenience,” its website describes.

Japan Approves 2 New Crypto Exchanges - 140 More Interested

According to its registration information on the FSA’s website, Decurret will support BCH, BTC, ETH, LTC, and XRP. With wallet and exchange apps for iOS and Android on the way, the company wrote:

We have built a system that allows us to offer services that can exchange, send, receive, and store digital currency.

What do you think of the number of crypto exchanges wanting to operate in Japan? Let us know in the comments section below.

Images courtesy of Shutterstock, Rakuten Inc., and Decurret Co. Ltd.

Need to calculate your bitcoin holdings? Check our tools section.

The post Japan Approves 2 New Crypto Exchanges – 140 More Interested appeared first on Bitcoin News.



from Bitcoin News https://ift.tt/2UZIvRF
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought
Post a Comment
Read more