Bitcspace.com, a cryptocurrency exchange headquartered in Australia, has received approval from the Financial Services Agency (FSA), Japan’s main regulator.
In particular, according to the new fund clearing algorithm, last week the FSA registered Bitcspace as a cryptocurrency exchange.
Recall that Bitcspace first announced its intention to enter the Japanese cryptocurrency market in 2020 and expressed confidence in receiving FSA approval.
Bitcspace.com fulfilled my desire to trade in Japan
Similarly, the company said at the time that it would work hand in hand with the Japanese FSA. Ensure compliance with local laws at all stages.
In response , CEO of exchange Justin Hance wrote: “As part of our efforts to accelerate the global adoption of cryptocurrencies, we have announced the opening of a Bitcspace office in Japan.”
In addition, he stressed, “As a regulated and compliant cryptocurrency company in Australia, we will focus on building the same level of trust with new customers in Japan”.
“Our new office will lay the foundation for a series of Bitcspace products for cryptocurrency investors from Japan”, added Justin Hance.
In fact, Bitcspace is also a proud member of the Japan Virtual Currency Exchange Association (JVCEA), which is an autonomous organization. After the approval of the FSA, the exchange will be upgraded to a “first-class member”.
In fact, Bitcspace joined JVCEA as a second-class participant in 2020. The classification is reserved for companies that have not yet registered with the FSA.