Why a New Rule in Japan Could Make It Much Easier for Crypto Investors to Buy Altcoins | CoinMarketCap

There are more than 18,000 cryptocurrencies in existence — with the world's biggest exchanges listing hundreds of them.

But gaining access to smaller altcoins can be especially tricky in Japan, where trading platforms have to go through an arduous listing process before they can make them available to users.a group of Japanese crypto exchanges are planning to unveil radical reforms to the screening process. The Japan Virtual and Crypto Assets Exchange Association — known as JVCEA for short — is releasing a "green list" of 18 coins that local exchanges can offer without completing a time-consuming application that can take longer than six months.

It's hoped that this will enable the JCVEA, which represents 31 digital assets companies, to focus on approving newer cryptocurrencies… in addition to initial coin offerings and initial exchange offerings. Cryptocurrencies would reportedly be eligible to join this green list if they have existed for more than six months — and have already been listed by at least three local trading platforms.

Source: Digital Coin News (digitalcoinnews.net)

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