Japanese crypto exchanges to simplify listings for 18 cryptocurrencies

Japan’s trading platforms will be able to add digital currencies from the “green list” for users without additional checks

22.03.2022 - 13:00

320

1 min

What’s new? The Japan Virtual and Crypto Assets Exchange Association (JVCEA), made up of 31 crypto exchanges, is preparing to publish a “green list” of 18 cryptocurrencies. These coins will no longer be subject to screening before listing. The JVCEA believes that the initiative should increase competition with foreign trading platforms, the local publication Nikkei reports.

Nikkei’s material

Which coins will be included in the “green list”? It will feature the most traded cryptocurrencies in Japan, such as BTC, ETH, XRP, and LTC. For other coins to make the list, they must be listed on three Japanese exchanges, with the asset trading on one of the trading platforms for at least six months.

As of March 2021, all Japanese cryptocurrency exchanges have around 40 coins listed, while Binance has more than 80. It was previously reported that all cryptocurrency platforms in Japan will start complying with the FATF regulations from April. They will have to identify their customers and provide information on cryptocurrency transactions to regulators.

Author: