Japan has simplified the rules for listing crypto assets
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The essence of the simplification: Platforms can list coins without lengthy approval procedures if they are already on the Japanese market.
The first news about the upcoming easing of the rules appeared in February 2022 - then the association of virtual currency exchanges JVCEA said that the rule changes had been agreed with the financial services agency FSA.
Now the approval of the listing of an asset will take not half a year, but about 30 days, in the future it is planned to speed up the process twice more.
These measures are introduced as a counterbalance to the tightening of regulation of the crypto industry in the country in order to counter money laundering through crypto.
In the future, the Japanese government plans to increase its presence in the crypto market and develop the Web3 segment, making it part of its economic strategy.
One of the most advanced and developing countries places a strong emphasis on both regulating and accelerating the development of the crypto industry in its economy. As always, the whole world has much to learn from the Japanese.
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