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190 companies try to enter the Japanese cryptocurrency market

190 companies try to enter the Japanese cryptocurrency market

exchanges

In an exclusive interview with news. Bitcoin.com, Japan's leading financial regulatory body has confirmed the number of companies currently wanting to enter the Japanese cryptocurrency market. Meanwhile, several cryptographic exchanges existing in the country are undergoing changes.

Read also: The Indian Supreme Court moves the cryptographic hearing, the community asks for positive regulations

More than 190 companies want it

The Japanese financial services agency (FSA) has confirmed to news.Bitcoin.com on Wednesday the number of companies to date that have expressed interest in registering as cryptocurrency operators. The FSA said:

Including preliminary consultations / registration requests, more than 190 operators are expressing their intention to enter the market.

<img class = "size-medium wp-image-266982 alignright” title=”190 companies try to enter the Japanese cryptocurrency market” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/fsa-1-300×174.png” alt=”190 companies try to enter the Japanese cryptocurrency market "width =" 300 "height =" 174 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/fsa-1-300×174. png 300w, https://news.bitcoin.com/wp-content/uploads/2018/12/fsa-1-768×446.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/ 12 / fsa-1-696×404.png 696w, https://news.bitcoin.com/wp-content/uploads/2018/12/fsa-1-723×420.png 723w, https://news.bitcoin.com/ wp- content / upload / 2018/12 / fsa-1.png 804w "sizes =" (maximum width: 300px) 100vw, 300px”/>This number is 30 companies more than the previous count revealed by the agency in August. At the time, the FSA claimed that 160 operators had expressed their intention to enter the Japanese cryptocurrency market.

While the FSA has not discussed specific applications, some companies have made announcements about their plans to start up activities related to encryption. Among these are Line Corp., Yahoo! Japan, Money Forward Inc., Drecom Co. Ltd., Yamane Medical Corp., Adways Inc., Avex Inc., Daiwa Securities Group, Samurai & J Partners, Appbank Inc., I-Freek Mobile Inc., Forside Co. Ltd ., and Fasteps Co. Ltd.

The change of the cryptic landscape of Japan

<img class = "size-medium wp-image-266988 alignright” title=”190 companies try to enter the Japanese cryptocurrency market” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/coins-1-300×198.png” alt=”190 companies try to enter the Japanese cryptocurrency market "width =" 300 "height =" 198 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/coins-1-300×198. png 300w, https://news.bitcoin.com/wp-content/uploads/2018/12/coins-1-768×507.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/ 12 / coins-1-696×459.png 696w, https://news.bitcoin.com/wp-content/uploads/2018/12/coins-1-636×420.png 636w, https://news.bitcoin.com/ wp- content / upload / 2018/12 / coins-1.png 803w "sizes =" (maximum width: 300px) 100vw, 300px”/>There are currently 16 cryptographic exchanges registered in Japan. Under the amended Payment Services Act, cryptographic operators must register with the FSA. Japan also has three dealers considered, which are the companies that have been authorized to operate while their applications have been reviewed by the regulator. They are Coincheck, Lastroots and Everyco & # 39; s Bitcoin.

<img class = "size-medium wp-image-266990 alignright” title=”190 companies try to enter the Japanese cryptocurrency market” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/acquisition-300×197.png” alt=”190 companies try to enter the Japanese cryptocurrency market "width =" 300 "height =" 197 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/acquisition-300×197.png 300w , https: //news.bitcoin.com/wp-content/uploads/2018/12/acquisition-768×505.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/12/acquisition- 696×457. png 696w, https://news.bitcoin.com/wp-content/uploads/2018/12/acquisition-639×420.png 639w, https://news.bitcoin.com/wp-content/uploads/2018/12/ acquisition.png 822w "sizes =" (maximum width: 300px) 100vw, 300px”/>In September, the Zaif regulated cryptographic exchange was violated and subsequently was taken over by another regulated stock exchange, the Taxus Cryptocurrency Exchange Inc. Bittrade was recently acquired by Huobi and is about to be restarted as Huobi Japan. Madison Group announced a plan to acquire a stake in Bitocean, another registered stock exchange. In addition, Ceres Inc. announced a transfer of capital on Thursday with Xtheta encryption for the launch of a joint service next spring.

Among the dealers held, Coincheck was acquired by Monex Group after being violated in January. The Bitcoin of all was acquired by mega e-commerce and the internet giant Rakuten Inc. Despite the acquisitions, the FSA confirmed to news.Bitcoin.com on Wednesday that Japan currently has 16 registered cryptographic exchanges.

DMM and GMOs

<img class = "size-medium wp-image-266996 alignright” title=”190 companies try to enter the Japanese cryptocurrency market” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/dmm-300×179.png” alt=”190 companies try to enter the Japanese cryptocurrency market "width =" 300 "height =" 179 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/dmm-300×179.png 300w , https: //news.bitcoin.com/wp-content/uploads/2018/12/dmm-768×459.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/12/dmm- 1024×612. png 1024w, https://news.bitcoin.com/wp-content/uploads/2018/12/dmm-696×416.png 696w, https://news.bitcoin.com/wp-content/uploads/2018/12/ dmm-1392×831.png 1392w, https://news.bitcoin.com/wp-content/uploads/2018/12/dmm-1068×638.png 1068w, https://news.bitcoin.com/wp-content/uploads/ 2018/12/12 / dmm-703×420.png 703w "sizes =" (maximum width: 300px) 100vw, 300px”/>DMM.com, the parent company of DMM Bitcoin, a regulated encrypted exchange, announced on Tuesday that it will no longer start its Cointap app. The company started accepting registration for this service in January and initially planned to release the app in the spring. The e-commerce giant stressed that the group will continue to offer encryption services at DMM Bitcoin.

<img class = "size-medium wp-image-266997 alignright” title=”190 companies try to enter the Japanese cryptocurrency market” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/gmo-coin-300×47.png” alt=”190 companies try to enter the Japanese cryptocurrency market "width =" 300 "height =" 47 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/gmo-coin-300×47. png 300w, https://news.bitcoin.com/wp-content/uploads/2018/12/gmo-coin-768×120.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/ 12 / gmo-coin-1024×160.png 1024w, https://news.bitcoin.com/wp-content/uploads/2018/12/gmo-coin-696×109.png 696w, https://news.bitcoin.com/ wp- content / upload / 2018/12 / gmo-coin-1392×218.png 1392w, https://news.bitcoin.com/wp-content/uploads/2018/12/gmo-coin-1068×167.png 1068w "sizes = "(maximum width: 300px) 100vw, 300px”/>GMO Internet, the parent company of Crypto Exchange GMO Coin, announced today that it will no longer develop, manufacture or sell cryptocurrent mining machines, although it will continue to dig internally. However, the GMO has stated that this decision will not affect the services of GMO Coin or the development of its stablecoin in yen-pegged, announced in October.

What do you think of the number of companies that want to enter the Japanese cryptography market? Let us know in the comments section below.


Images courtesy of Shutterstock, DMM.com and GMO Internet.


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