Bitocean Exchange Receives Japanese Regulator License
The Japanese financial regulator has licensed another cryptocurrency exchange. Thus, the number of trading platforms officially entitled to provide services for the exchange of digital assets in Japan increased to 16. Bitcoin.com writes about this.
The Japan Financial Services Agency (FSA) has licensed the Tokyo-based Bitocean exchange. According to the information on the regulator’s website, Bitcoin is the only cryptocurrency presented on the trading platform..
Bitocean Corporation was founded in 2013 and is engaged in the production of terminals designed for the input / output of bitcoin, and is also the operator of the trading platform.
FSA started licensing cryptocurrency exchanges in September this year. At the first stage, 11 exchanges received licenses, and at the beginning of December 4 more joined them. The application of the second largest exchange in Japan, Coincheck, is still pending.
At the same time, existing trading floors continue to expand outside the country. Thus, the largest bitcoin exchange in Japan, Bitflyer, recently opened a branch in the United States. Quoine is set to open a representative office in the Philippines, and Bitpoint began operating in the South Korean market in November and is preparing to open in Taiwan in January..
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