The move paves the way for Coinbase to begin offering five major cryptocurrencies including bitcoin and ether.
BitFlyer replaced its company president and introduced its first non-Japanese director in its latest management reorganization.
Toshihide Endo was commissioner of the Financial Services Agency (FSA) from 2018 to 2020.
Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.
The regulator's stance contrasts with that of the U.S. Securities and Exchange Commission.
While Japan is known for its retail market, crypto exchange OKCoin believes the country’s strict licensing regime will attract institutional investors.
The instructions from the FSA are vague and obvious, but they indicate some movement on the regulatory front.
In 2019 the Financial Services Agency has approved 3 new exchanges, following a year without any new openings.
Fisco, owner of the Zaif crypto exchange, is being forced to upgrade its management systems after an investigation by Japan’s financial watchdog.
Japanese messaging giant LINE may soon be able to open a cryptocurrency exchange for its 80 million users based in the country.
Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June's G20 meeting.
Crypto exchanges Huobi Japan and Fisco were investigated by the country’s Financial Services Agency last week, according to Reuters sources.
Japan's Financial Service Agency has licensed a cryptocurrency exchange being rebranded and relaunched by internet giant Rakuten.
Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity.
Japan’s financial regulator is reportedly looking to close a loophole that lets unregistered investment firms solicit funds in cryptocurrencies.