Japan Cryptocurrency Exchange Regulation

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Japan Cryptocurrency Exchange Regulation. In late 2017 the central financial institution of Indonesia Bank Indonesia declared cryptocurrency to be unlawful in the nation underneath the Law No. This makes it one of the few countries with a clear legal framework that includes fully licensed exchanges.

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In late 2017 the central financial institution of Indonesia Bank Indonesia declared cryptocurrency to be unlawful in the nation underneath the Law No. Following the crypto regulations in Japan exchanges for digital currencies are compelled to obtain an operating license through Japans Financial Services Agency. Yesterday Japans Financial Services Agency FSA revealed that it has approved 11 companies to run cryptocurrency exchanges in the country.

It appears that lawmakers in Japan are continuing to stay at the forefront of the cryptocurrency regulation scene.

Japanis weighing in on digital currency regulations and relevant government officials are reportedly making efforts to enforce stricter rules. The Financial Services Agency FSA of Japan is set to introduce stricter guidelines for cryptocurrency exchange platforms in the country. The 16 registered cryptocurrency exchange services in Japan have come together to form the Japan Cryptocurrency Exchange Association JCEA. Following the crypto regulations in Japan exchanges for digital currencies are compelled to obtain an operating license through Japans Financial Services Agency.