Japan’s Crypto Exchange DeCurret to Start Trading on April 16

April 20, 2019

Financial regulators in Japan have greenlighted crypto exchange DeCurret as the nation’s second exchange to be granted approval, after e-commerce firm Rakuten, reported by Cointelegraph.

DeCurret revealed that it will launch its services on April 16th. In a press release, the company said, “With the concept of ‘connecting and exchanging all values and making transactions simple,’ DeCurret aims to become ‘a major financial servicer for digital currency’ that sets standard for secured and convenient digital currency transaction.”

April is set to be an exciting month for Japanese investors and crypto enthusiasts, as both DeCurret and Rakuten Wallet (previously known as Everybody’s Bitcoin) will kickstart services in Japan’s crypto market, made possible with new licensing laws from the country’s regulators.

Rakuten and DeCurret were the first two to be granted licenses to operate crypto exchanges in the Japanese market.

Since March 2018, more than 140 firms have expressed interest in setting up exchanges with the Financial Services Agency (FSA), Japan’s financial regulator. Since then, 23 firms have submitted their applications for crypto exchange licenses. Another seven are currently in the middle of the FSA approval process.

Meanwhile, Japan’s Taotao, formerly BitARG Exchange Tokyo, has also made an announcement that it will be ready to launch its crypto exchange in May. Back in April 2018, Yahoo! Japan stirred excitement when it let on plans to acquire a 40 percent stake in Taotao.

Major tech firms and financial institutions in Japan, such as SBI Holdings, GMO, and Bic Camera, have all announced activities and partnerships relating to cryptocurrency and crypto exchanges, in a bid to gain an edge in the growing industry.

Source: cointelegraph.com

 

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Thailand Enlists Indian Tech Firm to Develop Interbank Crypto
The Bank of Thailand has enlisted leading Indian tech firm, Wipro, to develop blockchain solutions f...

May 19, 2019

Status of Blockchain Development and Cryptocurrency in India
After the Indian government strongly discouraged companies from dealing in cryptocurrencies, the cry...

May 19, 2019

Samsung SDS Unveils Upgrades to its Enterprise Blockchain Platform
Samsung SDS has released an upgraded version of its enterprise blockchain platform Nexledger Univers...

May 19, 2019

Cambodia’s Central Bank to Introduce Blockchain in Payment System
The National Bank of Cambodia will introduce blockchain in its payment systems by end-2019, making i...

May 18, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us