In Japan, they will facilitate the listing procedure of tokens on crypto -rhizas – Bits Media

Japanese Association of Cryptocurrency Exchange (Jvcea) plans to significantly simplify the process of leaflet tokens at local trading floors.

Currently any cryptocurrency exchange, officially working in the Japanese market, with coin or token leaflet must apply for JVCEA for verifying this token compliance with the laws. This is a fairly long and laborious process, Therefore, on most Japanese cryptocurrency sites, the choice of trading guy is extremely insignificant. The regulator allowed a bidding in Japan only a little more 50 names of crypto assets.

Simplified rules for leafing tokens on cryptocurrency exchanges in Japan can come into force in early December. Vice-Chairman of the Association Genki Oda (Genki Oda) confirmed, that the relevant documents are ready and the necessary recommendations were sent to local cryptocurrency exchanges.

After the new rules entered into force, cryptocurrency sites will be able to carry out token listening through 30 days after filing an application in JVCEA. And from April, it is planned to reduce the term to two weeks.

In the future, According to Oda, Japanese cryptocurrency regulator generally wants to refuse to preliminary verification of tokens, Truth, Only those, who are launched by local issuers. The norms should begin to act by March 2024 of the year. Besides, Tokens can save from preliminary assessment, issued within the framework of ICO.

At the beginning of the year it was reported
About that, that JVcea has simplified the process of leaflets of cryptocurrencies for local exchanges.