The Japanese Virtual Currency Exchange Association (JVCEA), the governing body of Japan’s cryptocurrency exchanges, has reportedly planned to relax the screening process for listing digital tokens by authorized exchanges, which could take effect as early as December. The new measure is not applicable to the tokens that are new to Japan’s market. According to Genki Oda, vice president of the association, the pre-screening process could even be abolished for coins new to the market, as well as the tokens issued through initial coin or exchange offerings by March 2024. It is believed that the latest measure will help revitalize Japan’s crypto assets market.

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