The financial services Agency (FSA) of Japan has issued a work permit in the country to four more cryptocurrency exchanges. This second wave of licensing cryptocurrency companies that the Agency – in part of the first wave were issued 11 licenses in September of this year.
FSA has posted on its website information about four of the cryptocurrency exchanges that have been approved by the Agency on 1 December. The regulator explained that only digital currency, processed, approved 15 exchanges «correspond to the definition within the Law of settlement» on the basis of information provided by each exchange. The law took effect
in force on 1 April. It legalizes bitcoin as a payment method in Japan and requires cryptocurrency exchange were registered in the FSA.
Four new exchange approved by the regulator: Tokyo Bitcoin Exchange Co. Ltd, Bit Arg Tokyo Exchange Co. Ltd, FTT Corporation and Xtheta Corporation.
According to the FSA website, three of the four above companies have received approval only to trade in bitcoin (BTC). Only company Xtheta can trade other cryptocurrency: ether (ETH), Bitcoin Cash (BCH), Ripple (XRP), litecoin (LTC), Ethereum Classic (ETC), NEM (XEM), Monacoin (MONA) and Counterparty tokens (XCP).
At the moment the FSA is considering a number of applications. In late September, in addition to the 11 exchanges, approved at that time, according to the publication Nikkei bids from 17 companies «are dealt with in the moment.» Twelve companies failed to comply with the Agency requirements in respect of registration and subsequently stopped working.
Among the applications considered in the present application, the second largest bitcoin exchanges in Japan Coincheck. The exchange on Friday issued a statement which said that her application for registration as a «trader virtual currency» was filed on 13 September and is still pending. However, Coincheck has assured its customers that it continues to operate as usual.
Last month the FSA published a document explaining its policies, including cryptowall and initial placement of tokens (ICO). Among other things it describes how will be monitored cryptocurrency exchanges.