Eleven Japanese Bitcoin Exchanges has been approved to work under the country's new financial services regulations.
Although Cryptoncurrency is one of the most notorious incidents in history - the collapse of BitCoin Exchange MT Gauge - Japan has embraced a large number of Cryptoncurrency , and the regulators have called "the desire to promote voice market development." Therefore, the Rotors reported that the Financial Services Agency (FSA) of Japan has announced that it has approved 11 domestic bitcoin exchanges for working in the country. Registration with FSA was essential as part of the April bill, which recognized bitcoin as a legal tender and abated after the consumption of Bitcoin exchanges.
Within months of applying this law, the bitcoin agreement has increased in Japan, China has become the central center of Asia's crypto-economy due to China's ICO and Bitcoin exchange restrictions.
bitcoin is now recognized as a legal payment method,cryptocurrency exchanges are subject to the security guidelines, which include separate funds in the customer's account, in which there are considerable systems and policies to deal with the money launderers, and to prevent cyber attacks. The FSA has also said that it will set up Bitcoin Exchange under "complete surveillance", which may include site-site inspection.