fbpx

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
Iran’s Power Grid Struck by Crypto Mining Surge
Token mining activity in Iran is causing an energy consumption spike that is forcing the government ...

July 16, 2019

Malaysia’s VisionBanker Aims to Transform Eye Care via Blockchain Technology
The company is using facial recognition and distributed ledger technology to allow users to store ey...

July 16, 2019

Excellence in Customer Experience and Operational Efficiency
Blockchain technology stands as the best technology platform candidate to solve the issues being fac...

July 15, 2019

Hong Kong Insurer Launches Blockchain-Based Solution to Process Claims
Blue Cross has become the first insurer in Hong Kong to employ blockchain technology to streamline i...

July 15, 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