Japan Moves To Become The World’s Leader For Cryptocurrencies
While China may be moving forward with its plan to crackdown on cryptocurrencies, Japan has shown signs of embracing the growing digital currency market. According to a report by the Wall Street Journal’s Paul Vigna, on Friday, Japan’s Financial Services agency granted 11 cryptocurrency exchanges licenses to legally operate within the country. However, the news comes amid a crackdown on digital currencies by Japan’s neighbors. Also on Friday, South Korea joined China in banning ICOs. Since China’s decision to ban ICOs on September 4, Japan has emerged as the world’s largest market for bitcoin trading.
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