Japan's $1.35 trillion crypto market may ease onerous listing rules

The Straits Times2022-02-02

TOKYO (BLOOMBERG) - The body that governs Japan's almost US$1 trillion (S$1.35 trillion) market for cryptocurrency trading is considering making it easier to list digital tokens, people with knowledge...

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Comments

JANICELSJ
2022-02-02
JANICELSJ
Like please
kcdc86
2022-02-02
kcdc86
Like pls.. Thanks..
HH浩
2022-02-02
HH浩
Can anybody share what are the yardstick to value cryptocurrency? Unlike share market, we have cashflow, PE, PB, Price-to-sales etc... what are the metrics for crypto?
VenomJames
2022-02-02
VenomJames
Like please
HermioneG
2022-02-02
HermioneG
Awesome!
Jliang
2022-02-02
Jliang
Please like

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Until recently, any token listing had to go through a screening that takes six months or longer, they said.The existing system makes it harder for new entrants to gain market share by offering a wider selection of tokens, according to the people. Coinbase, which started trading services in Japan in August through a local subsidiary, offers just five coins there, compared with more than 100 in the United States. Tokyo-based Coincheck and GMO Coin, that were founded in 2012 and 2016 respectively, feature the biggest selection with 17 tokens listed.No final decision has been made on whether to change the rules, the people said. A representative for the Japan Virtual and Crypto assets Exchange Association, which overseas digital coin listings, declined to comment.The current process for approving new listings applies even to large coins that are popular globally, according to the people. 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But even as the local industry kept growing, the country's presence in global crypto markets has been waning.Binance Holdings, operator of the world's largest cryptocurrency exchange, allowed Japanese investors to trade on its global system without registering with the regulator. The watchdog has repeatedly urged people in Japan to check by themselves whether exchanges they do business with are registered. Binance has no current plans to enter Japan's market, according to a representative for the firm.More On This TopicHard to tell when crypto bubble will burst, or if there is oneHow crypto became the new sub-prime","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9091180666,"gmtCreate":1643803504278,"gmtModify":1676533857957,"author":{"id":"3579777216498074","authorId":"3579777216498074","name":"JANICELSJ","avatar":"https://community-static.tradeup.com/news/22bb420ffd42fa4b0fc986abd53b711f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3579777216498074","idStr":"3579777216498074"},"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091180666","repostId":2208357469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091102158,"gmtCreate":1643793100287,"gmtModify":1676533856925,"author":{"id":"3582248787663478","authorId":"3582248787663478","name":"kcdc86","avatar":"https://community-static.tradeup.com/news/cc68f682561b677ba318c1b85eb97dee","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3582248787663478","idStr":"3582248787663478"},"htmlText":"Like pls.. Thanks..&nbsp;","listText":"Like pls.. Thanks..&nbsp;","text":"Like pls.. Thanks..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091102158","repostId":2208357469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091101548,"gmtCreate":1643792845264,"gmtModify":1676533856855,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582015516749888","idStr":"3582015516749888"},"htmlText":"Can anybody share what are the yardstick to value cryptocurrency? Unlike share market, we have cashflow, PE, PB, Price-to-sales etc... what are the metrics for crypto?&nbsp;","listText":"Can anybody share what are the yardstick to value cryptocurrency? Unlike share market, we have cashflow, PE, PB, Price-to-sales etc... what are the metrics for crypto?&nbsp;","text":"Can anybody share what are the yardstick to value cryptocurrency? Unlike share market, we have cashflow, PE, PB, Price-to-sales etc... what are the metrics for crypto?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091101548","repostId":2208357469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091103427,"gmtCreate":1643792709375,"gmtModify":1676533856840,"author":{"id":"3580070859233564","authorId":"3580070859233564","name":"VenomJames","avatar":"https://static.tigerbbs.com/70886e65847996bcb0627151be63f811","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3580070859233564","idStr":"3580070859233564"},"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091103427","repostId":2208357469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091103651,"gmtCreate":1643792491930,"gmtModify":1676533856825,"author":{"id":"3581581151725380","authorId":"3581581151725380","name":"HermioneG","avatar":"https://static.tigerbbs.com/449ae31dcb8cfcd4dcedab9bc5dec8aa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581581151725380","idStr":"3581581151725380"},"htmlText":"Awesome!","listText":"Awesome!","text":"Awesome!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091103651","repostId":2208357469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091103173,"gmtCreate":1643792481977,"gmtModify":1676533856808,"author":{"id":"3578105588635717","authorId":"3578105588635717","name":"Jliang","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578105588635717","idStr":"3578105588635717"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091103173","repostId":2208357469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":92,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2208357469"}