Interest in launching cryptocurrency exchanges in Japan is not cooling down - more than 190 companies are currently trying to get approval from the Financial Services Agency (FSA) to operate in this industry.
In a conversation with Bitcoin.com, Japan’s chief financial regulator confirmed the number of applicants awaiting consideration of their appeals. In August, the FSA reported that at that time 160 operators wanted to enter the cryptocurrency market.
The FSA does not disclose information about applicants and the details of appeals, but some of them do it themselves. So, Yahoo! Japan, country's second-largest broker, Daiwa Securities Group and Money Forward Inc contacted regulator for licenses.
Currently, there are 16 licensed cryptocurrency exchange operators in Japan, including the SBI Virtual Currency and GMO Coin. Also, Coincheck, Lastroots and Everybody’s Bitcoin are allowed to serve trades, although they do not officially have a license.
Recently it became known that the popular BitMEX crypto-derivative exchange may become the indirect owner of the licensed Japanese BitOcean platform, which currently does not serve the auction.