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.
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