The Financial Service Agency FSA (the top financial regulatory agency) in Japn has revealed plans by Yahoo Japan to launch a crypto-currency exchange platform within Japan and extended to other parts of the world. Currently, FSA has received at least 160 applications from different companies to launch their own exchange. It will be noted that Bitbox, (launched by Line Corp) had its license approved by FSA and they are currently operational overseas.
Yahoo, unlike facebook and Gmail seem to be less critical about crypto-currency, Yahoo Finance is already reporting several crypto projects in development, their interest in launching a crypto exchange will certainly be a welcome development and could drive crypto adoption as it shows cryptos in a better light.
What is your opinion on this? I would love to hear your thoughts.
Credit :
https://news.bitcoin.com/japanese-regulator-crypto-regulations/https://news.bitcoin.com/yahoo-japan-confirms-entrance-into-crypto-space/