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Japanese crypto exchanges to speed up cryptocurrency listings

Industry body creates 'green list' in bid to catch up with rest of world

Only about 40 cryptocurrencies are listed on Japanese exchanges. (Source photos by AP and Reuters) 

TOKYO -- Japan's crypto exchanges are simplifying the process for approving new cryptocurrency listings, in an aim to boost the number that are traded in the country and catch up with the rest of the world, an industry body said on Tuesday.

The Japan Virtual and Crypto Assets Exchange Association (JVCEA), a group of 31 exchanges, plans to release a "green list" of 18 popular cryptocurrencies in late March, it said in an online presentation. Members previously needed to go through the association's screening process to list any currency, but those on the green list will no longer be subject to screening.

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