In an exclusive interview with news.Bitcoin.com, Japan’s top financial regulator has confirmed the number of companies currently wanting to enter the Japanese cryptocurrency market. Meanwhile, several existing crypto exchanges in the country are undergoing changes.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Japan’s Financial Services Agency (FSA) confirmed to news.Bitcoin.com on Wednesday the number of companies to date that have expressed interest to register as cryptocurrency operators. The FSA said:
Including preliminary consultation/inquiries regarding registration, more than 190 operators are expressing their intention of market entry.
While the FSA did not discuss specific applications, some companies have made announcements themselves regarding their plans to start crypto-related businesses. Among them 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.
Among deemed dealers, Coincheck was acquired by Monex Group after it was hacked in January. Everybody’s Bitcoin was acquired by mega e-commerce and internet giant Rakuten Inc. Despite acquisitions, the FSA confirmed to news.Bitcoin.com on Wednesday that Japan still currently has 16 registered crypto exchanges.
What do you think of the number of companies wanting to enter the Japanese crypto market? Let us know in the comments section below.
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Source: NewsBtc
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