Japan prepares to relax laws that regulate Cryptocurrencies are down, starting with the exchange’s digital asset listing. in hopes of attracting outstanding crypto exchanges from all over the world.
What cryptocurrencies do you want to list today? It must be assessed by the Japan Digital Asset and Crypto Exchange Association. [JVCEA ] In addition, Japan currently only allows around 50 crypto-assets to be traded in the region.
However, more lenient laws are expected to come into effect in December. This eliminates the need to go through the token list process. From now on, the exchange will be allowed to list the tokens only 30 days after the listing plan is presented. their And prepare to be reduced to just two weeks from April.
these documents at Bloomberg The acquisition was further confirmed by JVCEA vice president Genki Oda, who said:
“We hope this latest measure will help revive the Japanese crypto asset market.”
In addition, he stated that Pre-screening for Japanese ICO tokens and new coins may be canceled by March 2024.
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