BitFlyer, the largest crypto exchange in Japan, will come to Europe. Luxembourg Financial Supervisory Commission de Surveillance du Secteur Financier approved it. So it will be based in Japan, USA and in Europe.
Planned expansion into tax-friendly Luxembourg will bring further growth to the Japanese stock market. Initially, the offer of the stock exchange is limited to the currency pair BTC / EUR. More cryptocurrencies such as Litecoin, Ethereum and Bitcoin Cash are planned later this year. As a start offer, operators also want new customers to waive the transaction fees.
At the time of release, BitFlyer ranks sixth on the crypto exchanges in trading the world’s leading cryptocurrency Bitcoin, with a 24-hour trading volume of $ 279,125,000.
BitFlyer was expanded in the US last November. It was the fourth stock exchange in the US to receive a license to trade in cryptocurrencies from New York State Department of Financial Services. This international orientation strengthens its position in cryptocurrency market and also increases its attractiveness for European investors. Here is an opposing movement to the current developments in South Korea hold on – which will ultimately prove to be more successful.
Japan is crypto friendly!
In other areas, land of the rising sun is categorized as crypto-friendly. The chat app LINE has integrated cryptocurrencies into its payment system with 168 million users. The financial house Mitsubishi Trust and Banking even published insurance coverage for attacked crypto investors. It should be noted that Japan profited greatly from Chinese ICO ban last year. Many young entrepreneurs emigrated from China to Japan to benefit from the crypto-friendly environment.
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