Laser Digital Wins Japan Crypto License as Nomura Targets Institutions

• Laser Digital Japan secured registration as a crypto asset exchange service provider.
• The approval is Japan’s first new registration of its kind in about four years.
• The firm will begin by supplying liquidity to domestic crypto businesses.
• Institutional trading services are planned as Japan rewrites its crypto framework.

Nomura-backed Laser Digital Japan secured registration as a crypto asset exchange service provider on August 21, becoming Japan’s first newly registered entrant in the category in roughly four years. The approval gives the digital asset firm a regulated route into one of Asia’s most tightly supervised crypto markets, initially as a liquidity provider to domestic operators and later as a trading counterparty for institutional investors.

Laser Digital Enters a Market That Has Been Difficult to Access

Laser Digital Japan completed its registration with the Kanto Local Finance Bureau under Japan’s Payment Services Act, the legal framework that currently governs crypto asset exchange services. Japan requires companies providing such services to register with the Financial Services Agency or the relevant local finance bureau.

… Continue reading the full article at the original source below.