Cybersecurity
Cryptocurrency Exchanges Get Nod to Operate in First for Japan
- Total of 11 operators now registered with FSA, 17 more pending
- FSA seeks to protect customers and prevent financial crimes
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Japan’s financial regulator approved the registration of 11 cryptocurrency exchanges, making them the first to be allowed to operate under a law change regulating the industry.
BitFlyer and Quoine are among the exchanges now registered with the Financial Services Agency, the regulator said in a statement on Friday. Another 17 filed applications before the expiry of a deadline this month and will be allowed to continue operating while the regulator considers approval.