The Japan Virtual Currency Exchange Association (JVCEA) has just informed its members that it has relaxed the rules applicable to the listing of digital assets on exchanges.
As reported by Bloomberg, from now on, platforms can list coins without lengthy approval procedures if they are already on the Japanese market.
The possible simplification of crypto listing by the JVCEA was first acknowledged in February. At that time, the organization said that revised rules have been agreed with the Financial Services Agency (FSA).
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In October it became known that the new requirements would come into force in December. As a result, the asset listing approval procedure will be reduced to 30 days instead of the previous six months. JVCEA Vice President Genki Oda has said the organization's goal is to cut this period in half.
According to him, the measure has been designed to revive the cryptocurrency market in Japan.