110 cryptocurrency exchanges are in “various stages of registration” with Japan’s Financial Services Agency (FSA), according to a statement that the regulator made to Bitcoin .com earlier this week.
The figure is especially surprising considering the fact that the FSA did not approve a single cryptocurrency exchange to operate within the country throughout 2018. Only 16 exchanges were approved by the FSA in 2017.
Indeed, it seems that the FSA’s attitude toward granting the licenses is continuing to evolve in a more positive direction.
Three exchanges have been approved by the agency so far this year–Rakuten Wallet (previously Everybody’s Bitcoin) and Decurret were approved on March 25th; on January 11th, Coincheck was registered (following its acquisition by Monex.)