Japan Expands Regulated Crypto Market with Over 100 Listed Tokens

The Japanese government's efforts to regulate the cryptocurrency market have resulted in a growing number of licensed exchanges and listed tokens. According to the latest data from the Financial Services Agency (FSA), over 100 unique tokens are recorded across 28 registered domestic crypto exchange service providers.

The FSA maintains a list of registered crypto asset exchange service providers, which includes prominent players such as Binance and Coinbase. Each exchange must register every token it offers to users under the Payment Services Act, ensuring compliance with regulatory requirements.

The breadth of listed tokens reflects the diverse range of blockchain networks, applications, and locally developed assets within Japan's market. The FSA clarifies that inclusion on the list does not represent endorsement or guarantee of value, but rather a confirmation that the token falls under the definition set forth in the Payment Services Act.