Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges

The Japanese Financial Services Agency has approved four more cryptocurrency exchanges to legally operate in Japan. This is the second round of approvals by the agency; the first was for 11 exchanges in September.

More Crypto Exchanges Approved by FSA

The Japanese Financial Services Agency (FSA) has posted on its website the details of four new cryptocurrency exchanges which the agency approved on December 1. This is the second time the FSA has approved a list of crypto exchanges. The first time was on September 29 when 11 exchanges were awarded registration.

The FSA explained that only the digital currencies handled by the approved 15 exchanges are confirmed to “correspond to the definition under the fund settlement law,” based on information provided by each exchange. The fund settlement law went into effect on April 1. It legalizes bitcoin as a method of payment in Japan and requires cryptocurrency exchanges to register with the FSA.

The four companies approved in this round are recently established exchanges: Tokyo Bitcoin Exchange Co. Ltd, Bit Arg Exchange Tokyo Co. Ltd, FTT Corporation, and Xtheta Corporation.

According to the FSA’s website, three of the four companies above have only been approved to trade bitcoin (BTC). Only Xtheta Corporation has been approved to trade additional cryptocurrencies: ether (ETH), bitcoin cash (BCH), ripple (XRP), litecoin (LTC), ethereum classic (ETC), NEM (XEM), monacoin (MONA), and counterparty tokens (XCP)…

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