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Nomura-backed Laser Digital secures Japan's first crypto exchange license in 4 years

August 21, 202610:08 AM
Nomura-backed Laser Digital secures Japan's first crypto exchange license in 4 years

Nomura Group's digital asset subsidiary, Laser Digital, has received authorization to operate as a crypto asset exchange service provider under Japan's Payment Services Act (PSA). This marks the first crypto exchange approval in the country in four years, since Binance Japan received FSA authorization in October 2022. Japan's crypto market is entering a "new phase of maturity," creating a need for "trusted counterparties and infrastructure" as "institutional investors increase their interest in this asset class," said Jez Mohideen, co-founder and CEO of Laser Digital. This approval paves the way for Laser Digital to expand into providing domestic liquidity before moving into institutional crypto trading, positioning the company as a key player in Japan's growing digital financial ecosystem.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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