Japan's Crypto-Exchanges Body Considers Easing Rules for Token Listings: Report

Posted on by American Coins & Gold

Japan's Crypto-Exchanges Body Considers Easing Rules for Token Listings: Report
The Japanese industry body that makes rules for crypto exchanges is considering easing restrictions on listing new tokens, Bloomberg reported on Wednesday.Under the proposed new rules, crypto exchanges will be able to list more than a dozen tokens at once, Bloomberg said, citing people familiar with the matter. The current screening process takes six months or more.The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is responsible for approving token listings for crypto exchanges. The Financial Services Agency (FSA), Japan’s regulator, has allowed the association to run the process on its behalf. The existing system makes it harder for new…