Japan’s top financial regulator says it does not intend to excessively curb the crypto industry. Licensed Japanese crypto exchange Quoine is launching a new platform with “enhanced price matching and deeper liquidity.” Meanwhile, a new association has been established for crypto practitioners.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto SpaceQuoine Launches New Platform
Fully-licensed Japanese cryptocurrency exchange Quoine is rolling out its new platform, Liquid. Both of the exchange’s trading platforms, Quoinex and Qryptos, will be migrated to Liquid on September 4. The migration is expected to take up to 24 hours.
Liquid is open to everyone except the previously excluded citizens of countries on the Financial Action Task Force high-risk list. “US customers won’t have access to fiat pairings and Japanese customers will only have access to currencies and services approved by the Japan Financial Services Agency [FSA], basically the same as what was on Quoinex JP before,” the exchange detailed, adding that:The new platform’s order matching is powered by Quoine’s World Book, which provides traders with enhanced price matching and deeper liquidity. New Crypto Audit Services
Corporate risk and IT management firm Newton Consulting Ltd. joined the Japan Blockchain Association last week and has started offering audit services for crypto businesses. Established in 2016, the firm also focuses on cybersecurity, ISO certification and IT operations management.
An audit takes about three months, the firm explained. “We will evaluate the security level of the virtual currency trading system in te...