The regulator of Japan has approved 4 crypto-exchanges

It was confirmed that the financial services agency of Japan allowed the work of four more cryptocurrency exchanges in the country. Recall that at the end of the 3 quarter of 2017, 11 licenses were issued by the agency. The law on the regulation of cryptocurrency and legalization of bitcoin within the country, which entered into force, obliges the registration of the exchange in state structures.

It is not entirely clear that the rights to trade cryptocurrencies were distributed among newcomers to the exchange. Thus, Tokyo Bitcoin Exchange Co. Ltd, Bit Arg Exchange Tokyo Co. Ltd, FTT Corporation is only allowed to trade Bitcoin. And the Xtheta Corporation has been given broad powers to develop the market for Ether (ETH), Litecoin (LTC) and other popular currencies.

According to a representative of the agency, 17 companies have submitted applications for registration and licensing, however, the organization has questions regarding unfulfilled requirements for them. According to experts, the list of those wishing to officially trade in cryptocurrency in Japan includes the country's second largest exchange, Coincheck Corporation. Representatives of the company assured their customers that they have nothing to fear and the license is just around the corner.