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The Japanese Financial Services Agency (FSA) has granted regulatory licenses to four new exchanges – Xtheta Corp., Tokyo Bitcoin Exchange Co. Ltd., FTT Corp., and Bit Arg Exchange Tokyo Co. Ltd. – bringing the total of legally recognized cryptocurrency exchanges in the country to fifteen. Of the four new exchanges, only Xtheta Corp. has been granted the right to trade cryptocurrencies other than Bitcoin.
The licenses are a part of the Virtual Currency Act, which also granted Bitcoin and Ethereum legal status as means-of-payment in Japan in April of this year. Under the act, exchanges were required ... (read more)