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Japan Bitcoin Exchange Licence Gets 18 Applicants In First Month

Eighteen companies are applying for the new license required to operate a cryptocurrency exchange in Japan.

The licensing scheme, which Japan introduced in April, aims to ensure exchanges operate in full compliance with financial regulation and anti-fraud procedures.

As a result of the applications, some of which come from extant Japanese exchanges such as bitFlyer, ten new players are slated to debut on the market to meet a forecast surge in demand.

These include SBI Holdings’ SBI Virtual Currencies, GMO Internet, Kabu.com Securities and Money Partners Group, Nikkei reports on Tuesday.

https://cointelegraph.com/news/japan-bitcoin-exchange-licence-gets-18-applicants-in-first-month

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