Japan Now Has 21 Approved Crypto Exchanges

Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed. The regulator has so far approved a total of 21 crypto exchanges to operate in the country.

Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets

Lastroots: the 21st Approved Exchange

Japan’s Financial Services Agency (FSA) approved the only remaining “deemed cryptocurrency exchange” last week. Lastroots has become the 21st FSA-approved crypto exchange operator in the country. Deemed cryptocurrency exchanges were those in business prior to April 2017 when Japan’s amended Fund Settlement Law and the amended Payment Services Act went into effect. The new law legalizes cryptocurrency as a means of payment and requires exchange operators to register with the FSA.

Established…