Under new rules, listing of new crypto assets will be easy in Japan

Japan is going to give a more favorable situation for the crypto companies to consider the listing of new crypto assets to make the clients able to trade the majority of the flagship crypto assets. 

Japan is a crypto-friendly country in the world and also companies can use crypto-based payment mediums under compliance but crypto can’t be treated as legal tender. To avoid the citizens from huge losses because of the volatility in the price of crypto assets, the government of Japan imposed very high tax rules and also very high strict rules to list new tokens on the exchanges. 

Now the Japanese government is now ready to push the circulation of crypto assets in the country so that crypto traders can choose nore better and flagship crypto assets for trading purposes. 

According to Bloomberg report, if new proposed rules get passed then in that situation local registered crypto exchanges will have an easier way to welcome new crypto assets listing. 

That means, crypto exchanges registered with the Financial Services Agency (FSA), will not require a very lengthy process to list the coin. 

Under the new proposed rules, if any asset already has a listing on at least three domestic crypto exchanges and also has spent more than 6 months of age on the exchanges, then in that situation, that crypto asset will not go through additional screening to get listed. 

However the new rules are still proposed and under consideration, so here we should not think that the same proposed rule will be introduced in the future. There may be chances to see some changes. 

If this rule gets passed then surely it will give a better boost to the Coinbase and FTX exchanges because both of these exchanges have already entered Japan. 

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