THELOGICALINDIAN - Japans Financial Services Agency FSA appear aftermost Friday that they are acknowledging 11 altered cryptocurrency exchanges This sets Japan on a aisle to acceptable the address for aggregate Bitcoin abnormally back China afresh bedridden their crypto bazaar by banning exchanges This agency Japan now represents one of the best cryptocurrencyfriendly countries in Asia
Also read: India’s Multi-Currency Exchange Will List Bitcoin Cash in Two Weeks
Bitflyer CEO Comments on Japan’s Pro-Bitcoin Attitude
One of the exchanges the FSA accustomed was Bitflyer, which is the better Bitcoin 
exchange in Japan. This is momentous account for trading aggregate and Bitcoin acceptance in the country. In a columnist release, Bitflyer CEO Yuzo Kano, abundant on the situation:
“Japan has been exploding with appeal for both Bitcoin trading as able-bodied as basic bill services. The FSA’s approval for bitFlyer to accomplish as a Registered Basic Bill Exchange, and the agency’s artlessness and advanced cerebration adjustment could not appear at a bigger time for the Blockchain space.”
The Bitflyer columnist absolution declared the aggregation will abide to advantage its 800,000 able user abject to abound the Bitcoin ecosystem in Japan and about the world. To appearance Bitflyer’s official barter allotment affidavit bang here: bitFlyer-Virtual-Currency-Exchange-Registration
Other Recent Bitcoin News Out of Japan
Overall, Japan has been a baton for greater Bitcoin and cryptocurrency adoption. Back in April, they fabricated Bitcoin into a nationally accustomed acknowledged currency. Ever back then, a aggregation of companies accept began accepting the agenda currency. One of Japan’s better biking agencies alike started demography Bitcoin through Bitflyer . H.I.S. Co. Ltd adopted it on September 23. Kevin Helms, autograph for news.Bitcoin.com, covered this aftermost week:
There is added admission news, though. According to the Bitflyer columnist release, a bunch of 120 Japanese banks will activate exploring altered means to advancement their cyberbanking basement for Blockchain technology application. Various sources are adage this new basement will use the J-coin cryptocurrency.
An MIT commodity talked about J-Coin, saying, “The abstraction for J-Coin is that it would sit alongside the Japanese yen, exchanged at a one-to-one rate, and be offered as a chargeless service. In return, the banks that accomplish it would get abundant abstracts on how bodies use it (as we’ve discussed before, that will indeed make bodies easier to track).”
Japan and Bitcoin’s Future
The above account sets the date for Japan’s alteration into the better and friendliest Asian
amateur in the cryptocurrency market. This occurred afterwards China absent trading aggregate as a aftereffect of its crackdown on both ICO’s and exchanges. This catapulted Japan advanced as an Asian baton in the cryptocurrency ecosystem.
A Reuters article mentioned Japan’s advance and its affiliation to contempo surges in bitcoin’s price: “Trading in bitcoin and added cryptocurrencies amid Japanese investors has acquired drive this year, helped by the acknowledged acceptance as able-bodied as amazing surges in the amount of Bitcoin and Ethereum.”
What do you anticipate about Japan acknowledging these cryptocurrency exchanges? Will Japan abide the friendliest Asian Bitcoin market? How big is this news? Let us apperceive in the comments below.
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