Cryptocurrencies In the face of its increasing use and adoption, countries are also making new decisions on crypto.
In this context, the Prime Minister of Japan, Fumio Kishida, to strengthen the Japanese economy. cryptocurrency seeks to facilitate its regulation.
After the country’s prime minister’s crypto moves Japan Association of Virtual and Crypto Assets Exchange (JVCEA) also took action.
According to Bloomberg’s report, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) wants to ease the stringent rules that apply to crypto exchanges listing cryptocurrencies in the country.
It was stated that the simplified crypto rules could come into effect in December.
New rules are important like Binance cryptocurrency exchangeIt will help startups compete with major crypto companies, while enabling their startups to easily license in the country.
Making a statement on the subject, Genki Oda, Vice President of JVCEA, said that by March 2024, Japan may remove previews for new coins and tokens issued through ICOs.
“We hope the latest regulations will help Japan revive the crypto-asset market.”
FTX’The world’s largest cryptocurrency exchange after it acquired a license to provide crypto services in Japan in June Binance It also plans to enter the Japanese market.
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