The epic failure of the Sam Bankman-Fried-led FTX exchange prompted Japan’s Virtual and Crypto assets Exchange Association (JVCEA) to streamline token listing on local exchanges.
The new JVCEA token streamlining program ensures that coins previously traded in any Japan Exchange will not be subjected to a stringent pre-listing process if it wants to list on another Japan-based Exchange.
However, the easing of crypto listing regulations those not help new tokens aiming to make inroads into Japan’s local market. This means new tokens will still be subjected to existing processes to meet JVCEA standards and guidelines.
Japan’s JVCEA to grow the domestic crypto market
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