Japanese Financial Regulator Receives 190 Cryptocurrency Exchange License Applications

Japanese Financial Regulator Receives 190 Cryptocurrency Exchange License Applications

The Japanese Final Services Agency (FAA) acquired the 190 cryptocurrency exchange license applications, named as Unknown FAS staff member December 28, to Kuwaiti graph Japan.

The FAA has given the status of the local corruption company itself, due to which the Japanese Virtual Currency Exchange Association (GAA) has been certified to monitor Caliphate. GVEE is now expected to promote the guidelines for promoting Money Launching (AML) policy and to exchange.

As the Continental graph has recently reported, such a license has recently been given to cryptocurrency exchange coin check. After a hack in exchange in January, he received two business improvements from the FSA.

These reforms are mainly focusing on setting up high standards against customer protection and money. The FAS sent seven charcoal exchanges to "criminal notice" in March.

The FAA Commissioner of Japan said in August that the agency has expressed the desire to increase the corruption of the Corpse industry under "proper regulation." He also ensured that the agency "did not intend to stop the corruption company". "

As cryptocurrency and blockchain industry is growing in Japan, as well as the FSA. In July, the agency put an important weapon in which to cope with scandalous fields, including cryptocurrencies.

The strategy development and management bureau replaced the bureaucracy, and allegedly the policy of policy management will be developed and will handle issues related to markets, punches, and money laundering of digital currencies.

Policy and Markets will benefit the Bureau Planning and Conditioning Bureau and is ready to prepare a legal framework, which shows the rapid development of the French sector.

After the introduction of rules, the Japanese National Police Agency (NPA) reported a strong increase in such reports, which requires a crispovic exchange to report suspicious transactions. According to the NPA, there are 5,944 such reports between January and October.