Japan Endorses 11 Different Crypto Exchanges, Turns Into Friendliest Asian Bitcoin Market

Japan’s Finacial Services Agency (FSA) announced last Friday that they are endorsing 11 different cryptocurrency exchanges. This sets Japan on a path to becoming the headquarters for everything Bitcoin, especially since China recently crippled their crypto market by banning exchanges. This means Japan now represents one of the most cryptocurrency-friendly countries in Asia.
One of the exchanges the FSA endorsed was Bitflyer, which is the largest Bitcoin Japan Endorses 11 Exchanges, Turns Into Friendliest Asian Bitcoin Marketexchange in Japan. This is momentous news for trading volume and Bitcoin adoption in the country. In a press release, Bitfyler CEO Yuzo Kano, elaborated on the situation:

“Japan has been exploding with demand for both Bitcoin trading as well as virtual currency services. The FSA’s approval for bitFlyer to operate as a Registered Virtual Currency Exchange, and the agency’s openness and forward thinking regulation could not come at a better time for the Blockchain space.”

The bitFlyer press release stated the company will continue to leverage its 800,000 strong user base to grow the Bitcoin ecosystem in Japan and around the world. To view bitFlyer’s official exchange registration documentation click here: bitFlyer-Virtual-Currency-Exchange-Registration

Other Recent Bitcoin News Out of Japan
Overall, Japan has been a leader for greater Bitcoin and cryptocurrency adoption. Back in April, they made Bitcoin into a nationally accepted legal currency. Ever since then, a multitude of companies have began accepting the digital currency. One of Japan’s largest travel agencies even started taking Bitcoin through bitFlyer. H.I.S. Co. Ltd adopted it on September 23. Kevin Helms, writing for news.Bitcoin.com, covered this last week: