Major Japanese crypto exchange Bitflyer announced on October 14 that it has been registered as a “first-class financial instruments business operator” as per the Financial Instruments and Exchange Act.
Following this registration, the exchange has now applied for crypto-asset margin trading service, which is an over-the-counter derivative transaction under the Financial Instruments and Exchange Act.
Yuzo Kano, the founder of bitFlyer, tweeted:
“As of Thursday, October 14, bitFlyer Co., Ltd. was registered as a first-class financial instruments business operator based on the Financial Instruments and Exchange Act. We would like to thank everyone who has always supported us.”
There are currently 6 crypto exchanges that have been registered in Japan including GMO Coin, DMM Bitcoin, Rakuten Wallet, TAOTAO, Bitpoint, and BitFlyer.