Interest in Registering Cryptocurrency Exchanges with JVCEA in Japan

The cryptocurrency exchange in Japan has been going through critical periods due to the increasingly prolonged application and licensing processes, and they are having difficulty getting a license in Japan. In Japan, the world’s 4th largest economy, the licensing process of cryptocurrency exchanges is very difficult and even the slightest problem can prevent licenses for months. Japan’s financial authorities, on the other hand, admit that licensing processes are difficult, stating that shortening this process would be risky, so the laws would apply, that every company had to wait for the license, and that leaving the official process was an unacceptable rule for the country.

Cryptocurrency exchanges are more difficult to license

Japan Association of Digital Currency Exchanges (JVCEA) has announced that there are 5 new cryptocurrency exchanges registered. The association, which also accepts crypto money exchanges waiting for a license, was established to provide legal support to crypto money exchanges, to provide support on how to solve problems, as well as to research what crypto money exchanges can do in Japan within the legal framework and gather them at a common point.