FISCO Ltd., a Japan-based investment support services provider, has announced its plans to set up Fisco Coin Co., Ltd – a new company that will operate exchanges for bitcoin and other cryptocurrencies.
Recently, Japan's cabinet approved new regulations relating to cryptocurrencies such as bitcoin. The new regulations recognize bitcoin as a legal form of payment fulfilling the functions of currency. Live Bitcoin News says that the law, still a draft, is expected to receive positive votes in the country's parliament and will be implemented once a majority is reached.
According to FISCO, the legislation will be further improved and the cryptocurrency industry will significantly grow in the future, Japanese Financial & Fintech News reported. Considering the present situation, FISCO group has decided to establish an operator of bitcoin exchange.
http://www.econotimes.com/FISCO-To-Establish-Cryptocurrency-Exchange-In-Japan-181825
