Japan Financial Services Agency (FSA) has strictly tightened its rules and procedures to accept the records of cryptocurrency trades, local media reports
According to Sanki Shambun, FSA will strengthen "Registration Review Process", which has applied for registration but has not been approved. These companies, called cryptocarjergency "semi-operators", are allowed to operate while modifying their registration. SOURCE https://news.bitcoin.com/japan-registration-rules-cryptocurrency-exchanges/