Good news for crypto especially if you are from Japan. There are over a 100 firms in the country that are applying for a license to operate a crypto exchange. That is a lot of places for people to buy, sell and trade crypto. Japan is a country that has made crypto fully legal and you are seeing the results of that in news like this. Exchanges are an important factor to how mainstream coins get. It is nice to be able to collect them but being able to trade them for fiat is still important if people are going to take them as seriously as other tender.
According to the articles there are already 16 firms that have a license. Having registered firms brings trust to the crypto world. Having crypto not being illegal is one thing but having a legal backing and firms with a license that are given by the government gives the world a sense of legitimacy. These exchanges should help to push the price of coins as well as liquidity.
Here is the article for more info:
https://news.bitcoin.com/firms-licenses-operate-cryptocurrency-exchanges-japan/
