Bloomberg: Japan plans to simplify the listing review process for trading platforms and further relax cryptocurrency regulations

2022-10-19 16:44:53

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ChainCatcher news, according to Bloomberg, Japan plans to further relax cryptocurrency regulations by simplifying the listing review process for cryptocurrency trading platforms.

According to documents, the agency managing cryptocurrency trading platforms plans to allow them to list tokens without a lengthy review process, unless these tokens are new products in the Japanese market.

The rule may take effect as early as December, helping startups compete with established companies by simplifying the token listing process and lowering market entry barriers. By March 2024, the Japan Virtual and Crypto Assets Exchange Association may also eliminate the pre-review for tokens newly entering the country and tokens issued through ICOs and IEOs. (Source link)

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