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Chinese ICO move to the Japanese market


The largest in Japan bitcoin-exchange Coincheck received "hundreds of requests" from Chinese startups to add to the listing their tokens after the ban of ICO in China. In an interview with the Chinese edition of the Global Times, the head of the Coincheck department for international development, Kagayaki Kawabata, said: "We receive hundreds of requests from Chinese start-ups and start-ups around the world to add their tokens after the Chinese government banned the ICO".

In addition, South Korea followed the example of China, releasing a similar radical ban on all activities related to the ICO in the country. On the same day, Japan's financial regulator granted licenses to 11 bitcoin exchanges for work in the country, where bitcoin was recognized as a legal tender.

Kawabata also said that Japan's regulatory climate is much more friendly to bitcoin and crypto-currency start-ups and added that:

If the Chinese tokens can meet the criteria set by the exchanges, Japan will be an excellent place to place the tokens.
Chief Executive Officer Coincheck said that the exchange is carefully studying a new barrage of requests, being "very cautious" in their acceptance. "Thorough verification is important to ensure that ICO is reliable," he added, indicating that the exchange is working on a clear set of guidelines and criteria for listing new tokens on its stock exchange.

The Cryptocompare data show that Japanese markets control 60% of the world's bitcoin trade, demonstrating Japan's lead as the main center of bitcoin.

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