More Worldwide Adoption? Japan to Ease Up on Crypto Rules
If you needed more proof than big corporations such as Starbucks adopting crypto transactions, and world governments that are pretty crypto-friendly, Japan seems to see the light as well and is looking to ease up on rules surrounding token listing.
It will now be easier for those living in Japan to list virtual tokens. What changes have been made? Well, you no longer have to go through the lengthy vetting process unless the coins you list on the exchange are new to the market.
What this means is a lowered entry bar and the potential for startups to get a leg up. The rules can take effect as quickly as this December. By spring of 2024, it is said that the relaxed rules may also apply to the new coins that the eased rules in December don’t cover.
The Vice Chairman of the Japan Virtual and Crypto Assets Exchange Association, Genki Oda states that he hopes to “revitalize Japan’s crypto assets market” with the latest move.