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Six Japanese companies will launch cryptocurrency exchanges

Six Tokyo-listed companies, including Drecom, Money Forward, Yamane Medical Corporation, Adways, Avex and Daiwa Securities Group, announced their plans to launch crypto exchanges.

The 6 corporations will join other companies in Japan that previously said they are launching crypto exchanges, such as SBI Group, Line Corp, and Yahoo! Japan.

Currently Japan has 16 completely licensed crypto-exchanges, with another 8 applications of exchanges being reviewed by Japan’s Financial Service Agency (FSA).