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This is my fourth post of the new created series Introducing: Crypto For The Day blog post series , you can follow all the post in the tag #cryptofortheday
News Source - Japanese Regulator Approves 11 Cryptocurrency Exchanges
The past 29th September, Japan's primary financial regulator approved 11 cryptocurrency exchanges.
In this 11 approved exchanges, nine were online allready and two are new on the scene. Applications from 17 exchanges still in review and about 12 previously-operational are closing.
This is very good news, Japan is adapting to the new economy and instead of banning like China is doing they are regulating and creating a safer environment for investors. This is the path that every country will do in the future, Japan is allready one step ahead of other countries.
This is a major step for mass adoption, countries are not banning but adopting this new market and this helps creating new jobs, this is a new industry like i speak in this article: Cryptocurrencies and Blockchain are creating a new Industry
My prediction is that China will rapidly regulate the market and "kill" the recent FUD news, actually there is allready a very strong rumour: Virtual Currencies Expected to be Regulated in China on October 1st this will give alot of confidence to the market and bitcoin could easily get new highs.
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