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News Link • Japan

Japan licenses 11 bitcoin exchanges

•, brian wang

QUOINE operates QUOINEX, a cryptocurrency exchange and high performance trading platform that went global since May 2014. At its core, QUOINE is focused on stringent security measures on QUOINEX and prioritizes the safety of customers' assets.

Today Japan's Financial Services Agency (FSA) has issued operating licenses to a total 11 bitcoin exchanges. The licensing enforces certain operational requirements for the exchanges, including high standards for cybersecurity, the segregation of customer accounts and the verification of customer identities.

Seventeen applications are still in review, while 12 firms have closed their doors in light of the new regulations.

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