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Bitcoin startup BitOcean receives approval from Japan’s FSA

The Japanese Financial Services Agency (FSA) has approved one more cryptocurrency exchange to operate digital currency business in the country, Bitcoin.com reported.

BitOcean Corporation, a Tokyo-based bitcoin startup, has become the 16th company to make it to the list of approved cryptocurrency exchanges. Founded in 2013, the company is developing two-way bitcoin ATMs (BTMs) and a bitcoin trading platform

The company’s website states:

“We are a Bitcoin startup company founded in Tokyo with the support from Bitocean and Atlas ATS. We are working on setting up a new Bitcoin trading platform in Tokyo while at the same time we are contributing to help with MT.GOX’s liquidation/rehabilitation process.”


In addition to BitOcean, the FSA approved a number of cryptocurrency exchanges in December 2017, including Tokyo Bitcoin Exchange Co. Ltd, Bit Arg Exchange Tokyo Co. Ltd, FTT Corporation, and Xtheta Corporation. Earlier in September, the regulator gave a green light to 11 exchanges.

BitOcean is joining forces with VeChain to develop an ATM powered token application ecosystem on the blockchain.

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