Japan to Simplify Token Listing Process on Trading Platforms

The Japanese government has decided to stimulate the development of the blockchain industry. In August, the authorities prepared a program to gradually reduce the tax burden on companies working with digital currencies.

According to Bloomberg, the Cabinet of Ministers of Japan has approved a reduction in requirements for issuers of tokens that are placed on exchanges.

The plan has been proposed by the Japan Virtual Currency Exchange Association (JVCEA). According to it, the listing of tokens on trading platforms will be simplified as much as possible by the end of the year.

At the moment, Japanese traders have access to transactions with 50 digital currencies. According to the JVCEA proposal, exchanges will be able to launch trading of tokens within 30 days from the date of application from the developers and approval from the regulators.