The Financial Services Agency-certified regulatory body “Japan Virtual Currency Exchange Association (JVCEA)” announced on the 13th that it has registered Mercoin Co., Ltd. as a “class 2 member”.
Mercoin was established in April this year as a subsidiary of Mercari for planning and developing services related to crypto assets and blockchain. At the time, the company wrote in its press release:
“By establishing Mercoin and taking on the cryptoasset business, Mercari will make it even easier for users to utilize financial services, such as by allowing users to receive payment for Mercari sales in bitcoin and providing a single wallet function that incorporates not only Merpay’s payment and remittance services, but credit, cryptoasset, and asset management features as well.”
Since October 2018, JVCEA has started accepting ‘Class 2 members’ who will be the gateway to become ‘regular members’. It consists of crypto asset exchange companies that have completed the business registration of the Financial Services Agency.
As of September 13, 2021, there are 36 JVCEA first-class members. Traders Securities Co., Ltd., IG Securities Co., Ltd., and Melcoin Co., Ltd. are some of the companies registered as class 2 members.
The Japanese subsidiary of Coinbase was registered as a ‘second-class member’ of JVCEA on March 2, 2018.