Japan simplifies rules for token listing on crypto exchanges

Follow us on telegram

Platforms will now be able to place coins without lengthy pre-screening

Japan simplifies rules for token listing on crypto exchanges

29.12.2022 - 08:55

344

1 min

0

Japan will make it easier for cryptocurrency exchanges to list tokens, pressing ahead with plans to liberalize the industry even after the epic failure of Sam Bankman-Fried’s digital empire.

The body that governs crypto exchanges informed member companies on Wednesday of the new rule which takes effect immediately, enabling them to list coins without going through a lengthy pre-screening unless the tokens are new to Japan’s market, according to documents seen by Bloomberg News.

Japan is relaxing onerous crypto rules even as the fallout from FTX’s meltdown continues to reverberate throughout the digital industry and beyond. Prime Minister Fumio Kishida’s administration has made growing the Web3 market a part of his economic policy and is likely to change corporate taxes next year to help crypto entrepreneurs.

This material is taken from the website bloomberg.com.

Author:

Editorial GetBlock Magazine

Useful material?

Telegram Newsletter Twitter

Market

Ripple’s CTO urges traders not to succumb to FOMO due to the launch of RLUSD

Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000

Dec 16, 2024

Incidents

Gate denies information about the hack and urges not to believe rumors

Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13

Dec 13, 2024

Crypto regulations

Coinbase will delist USDT, PYUSD, and DAI for users in Europe

Stablecoins from issuer Circle will not be affected by the changes

Dec 12, 2024

Crypto regulations

GRVT receives a license in Bermuda and becomes the first regulated decentralized exchange

The platform will launch after meeting the preconditions of the local exchange authority

Dec 9, 2024

Market

Daily volume of liquidations in the crypto market reaches its maximum since 2021

The $1,1 billion figure was reached after the bitcoin correction

Dec 6, 2024

Crypto regulations

Bybit will stop servicing clients in Uzbekistan from December 6

By early January, all open positions and loans of local users will be closed and repaid automatically

Dec 5, 2024