iHodl.com
Main page News, Token, Japan, Crypto Market, Regulations

The Japan Virtual and Crypto assets Exchange Association wants to weaken requirements for the local digital tokens so that it would be easier for cryptocurrency exchanges to list them, Bloomberg reports.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

The association wants to allow trading platforms to list tokens without wasting time on a screening process if the tokens are not new to Japan's market. The change is expected to be made as early as December.

By 2024, the association might also cancel pre-screenings for assets, which were issued through initial coin offering (ICO) or exchange offerings (IEO), said the regulatory body's Vice Chairman, Genki Oda.

Japan Fails to Comply with US Crypto Sanctions Against Russia: Report

The move comes just a few days after the Japanese authorities decided to amend six laws on currencies in the framework of their fight against money laundering. According to local reports, the Japanese government may force cryptocurrency exchanges to identify users and request other necessary information from them.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.