The fact-finding inquiry into the practices of crypto exchanges is intended to ensure all mandatory procedures of registration are being followed with transparency.
bitFlyer will be the only licensed exchange in the continent that will allow users to trade with Japan.
bitFlyer’s launch into Europe comes hot on the heels of explosive growth in Japan and launch in the US in 2017. bitFlyer is the world’s largest Bitcoin exchange and the only one licensed in Europe that will allow users to trade with Japan, the world’s largest market for bitcoin trading.
Bitcoin’s price briefly hit a new record on Wednesday, by breaking$11,000 barrier.
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.
Japan’s financial regulator has given bitFlyer, the largest Japanese Bitcoin Exchange, a license to operate a virtual currency exchange
bitFlyer, a Japanese startup that that recently announced it will launch a US-based digital currency exchange this Fall, is going head-to-head with titans from Japan’s tech industry in a pilot for the Japan Banking Association (which runs Japan’s SWIFT equivalent and represents a consortium of 120 banks) to demonstrate its enterprise blockchain product, “miyabi.” bitFlyer will begin operation of “miyabi” with the JBA in October.
Foundation of the BitFlyer’s entity in the US marks the first expansion of the leading Japanese exchange into a new, regulation-challenging market.
bitFlyer, the largest Bitcoin and blockchain company in Japan, will launch its US-based Bitcoin exchange by the Fall of 2017.
The recognition of Bitcoin in Japan is good news for the global cryptocurrency ecosystem as it may drive demand and price.
Japanese banking giants are looking to invest in financial technology startups, as the government is promoting innovation in the competitive fintech market.