bitFlyer will be the only licensed exchange in the continent that will allow users to trade with Japan.
Tokyo-based bitFlyer, world’s largest Bitcoin exchange, has recently received an approval-nod from the New York Department of Financial Services (DFS) to start its operations in U.S.
FSA has declared first cryptocurrency exchanges that are now allowed to operate in the country under the recently adopted regulations.
Foundation of the BitFlyer’s entity in the US marks the first expansion of the leading Japanese exchange into a new, regulation-challenging market.
Japanese banking giants are looking to invest in financial technology startups, as the government is promoting innovation in the competitive fintech market.
The project called ‘Blockchain Angel Fund’ aims at supporting blockchain companies in Japan.
Japanese venture capital firms Dentsu Digital Holdings, Mitsubishi UFJ Capital Company Limited and others keep investing: bitFlyer raises $4m in this round.
Anycoin Direct gets €500K in funding, while blockchain technology platform Colu and Japan-based BitFlyer raise $2.5M and $1.1M in funding, respectively.