Chinese Exchanges are Searching Abroad Markets
Chinese exchanges are applying for licenses in Japan. After Following the severe crackdown by the Chinese government last month, now bitcoin sandbox in China are looking to continue their businesses in cryptocurrency-friendly countries. Chinese sandbox are reportedly seeking to migrate their operations to other Asian countries that are more cryptocurrency-friendly. Nineteen chinese companies are reportedly applying for a license to operate in Japan considering Singapore, Hong Kong, and South Korea as ready for expansion. Chinese sandbox Migrating Abroad following China’s clampdown on crypto trading and initial coin offerings (ICOs). The agency granted licenses to eleven bitcoin exchanges in Japan for the first time last month Out of Nineteen the Chinese exchange.
Japan Will Be A Great Place To List Tokens.
Japanese financial authority told we are getting numerous of requests from Chinese startups and startups around the world asking us to gadget down their official tokens, As a consequence of this regulation cryptocurrency exchanges are required to register with the country’s Financial Services Agency (FSA). Based on strict legislation Chinese government banned ICOs, Kagayaki Kawabata, International Business Developer at Coincheck. While authority Coincheck is careful about listing ICO tokens again. If Chinese tokens can meet the criteria that exchanges will set definitely Japan will be a great place to list tokens.
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