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bitFlyer granted license in Japan to run as cryptocurrency exchange - CoinReport

Published 1 year ago

bitFlyer granted license in Japan to run as cryptocurrency exchange - CoinReport

Coin Report via coinreport.net

bitFlyer Inc., Japan’s largest bitcoin and blockchain company, announced in a press release it sent to CoinReport that it has been granted license in Japan by the Japan Financial Services Agency (FSA) as a registered cryptocurrency exchange. Founded in January 2014, bitFlyer launched its cryptocurrency exchange services in April of the same year.

In just four years, together with the rapid growth in the cryptocurrency market, bitFlyer has grown to over 800,000 users and a monthly trading volume of over 1.5 trillion yen. bitFlyer says it looks forward to a market that ensures improved customer protection via asset segregation and a registration program under the FSA that necessitates auditing and KYC.

Kanto Local Finance Bureau No. 00003 Date of Registration September 29th, 2017 Exchange Name bitFlyer, Inc. Corporate Registration No. 2011101068824 Postal Code 107-0052 Address Tokyo, Minato-ku, Akasaka 3-5-5 Phone Number 03-6425-5523 Handled Cryptocurrencies BTC (Bitcoin), ETH (Ether), ETC (Ether Classic), LTC (Litecoin), BCH (Bitcoin Cash) The registration of cryptocurrency exchanges was implemented as of April 1, 2017, in line with a revision to the Payment Services Act.

Accordingly, only exchanges registered with the FSA are permitted to conduct the exchange of cryptocurrency in Japan (with a 6-month grace period for registration since the act came into effect). bitFlyer completed its application for registration in May of this year and was officially registered on September 29, 2017 after an extensive examination process.

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