Japanese cryptocurrency exchange BTCBOX, registered with Japan’s financial regulator FSA, announced that it plans to list Dogecoin (DOGE). In Japan, where DOGE traders trade using overseas exchanges, this will be a first for the token. Here are the details…
Japanese exchange lists Dogecoin (DOGE)
Japanese crypto exchange BTCBOX announced that it plans to list Dogecoin (DOGE). Considering that BTCBOX is an FSA registered cryptocurrency exchange, this could be a first for DOGE in Japan. In a tweet, BTCBOX stated that it will list DOGE “before the end of April” and will release more details soon. The firm added that DOGE pairs will be offered as part of the “Easy Trade” offer.
As we have reported as Cryptokoin.com, the FSA’s Japanese stock market sector In the days before he took over his control, exchanges were essentially unregulated and free to add any altcoin they liked to their platform. But in September 2017, the FSA forced exchanges to comply with strict compliance regulations. Some of this regulatory move has centered around coins that can be listed on platforms, an issue the FSA continues to focus on.
Japan’s listing policy is rather strict
The listing policy has since been overseen by the self-regulated Japan Virtual and Crypto Assets Exchange Association (JVCEA), an agency made up of all the country’s FSA-licensed exchanges. . This institution has extensively evaluated all new coin listing applications one by one, causing a wait for those who want to list new coins. As previously reported, JVCEA now plans to streamline its process – recognizing that this cautious approach means Japanese crypto clients can trade with just 20 tokens on native platforms.
DOGE traders in the country are forced to use overseas platforms. JVCEA plans to create a “green list” of 18 popular cryptocurrencies later this month. It also plans to create a rule that would allow exchanges to list tokens currently on competing platforms. Therefore, if BTCBOX’s DOGE listing goes according to plan, other Japanese trading platforms could use the precedent to follow suit in the coming months.
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