Government-approved cryptocurrency trading platforms in Japan are undergoing changes with big players entering the market. talked to Japan’s top financial regulator to learn about the regulatory implications of the changing business models and internal systems of regulated exchanges.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

Changing Crypto Exchange Landscape

Crypto exchanges in Japan are rapidly transforming with the launch of new exchanges as large corporations entered the market. Japan’s top financial regulator, the Financial Services Agency (FSA), explained to Monday that when a crypto exchange is acquired by another company:

There is no need to re-register. If its business model or internal control system are to be changed, FSA will rigorously review them from the perspectives of user protection and others.

Big Players Are Transforming Cryptocurrency Exchanges in Japan

The agency further clarified, “If there are changes of entries (such as major shareholders or board members) in the registration…

Click to continue reading on its source location…