In contrary to its neighboring countries China and South Korea, which are trying and increasing their attempt to ban ICO’s and trading platforms, the FSA (Financial Services Agency) in Japan opened the doors for 11 companies to operate virtual currency exchanges in the state.
The trading platforms can operate with no license up until this point while regulating the market and industry will support the fight against fraud proportionally keeping innovation at its best.
Full article here: http://ethereumworldnews.com/cryptocurrency-exchanges-licensing-japan-one-step-ahead-towards-blockchain-embracing/