Japan Wants to Simplify Listing Rules for Crypto Exchanges
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The Japan Virtual Currency Exchange Association (JVCEA) intends to relax the rules regarding the listing of digital assets for authorized trading platforms.
According to Bloomberg, which has reported on the news citing its own sources, the current approval procedure takes six months. According to the agency, the authorities may ease the requirements as early as December, but not for coins not yet in circulation on local exchanges.
JVCEA Vice Chairman Genki Oda has confirmed the authenticity of the document and has not ruled out that by March 2024, the association may refuse to pre-screen new assets and tokens issued as part of the ICO.
He has explained:
“We hope that this measure will help revive the Japanese crypto asset market.”
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