RATE Group | Japan’s Financial Watchdog Certifies Two Cryptocurrency Regulatory Organizations
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Japan’s Financial Watchdog Certifies Two Cryptocurrency Regulatory Organizations

30 Apr Japan’s Financial Watchdog Certifies Two Cryptocurrency Regulatory Organizations

Posted at 12:56h in Cryptocurrency News by

Japan’s Financial Services Agency (FSA) has certified two local organizations as Certified Financial Instruments and Exchange Associations.

According to an April 30 announcement, the FSA has recognized the Japan STO Association and the Japan Virtual Currency Exchange Business Association (JVCEA) as self-regulatory groups for derivative transactions and security token offerings of crypto assets. JVCEA will subsequently be renamed the “Japan Crypto Asset Trading Business Association” on May 1. 

JVCEA is the official self-regulatory organization for the cryptocurrency industry in Japan authorized to create regulations and policies for cryptocurrency exchanges in the country.

Cointelegraph has reached out to JVCEA for comment but has not received a response as of press time. 

Recent crypto developments in Japan

As of March, there were 21 registered and licensed exchanges in Japan, with three additional companies registered as second-class members. These were major American crypto…

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