BitFlyer from Japan Launches Bitcoin Exchange in U.S. Market

nBankruptcy commentary: Yesterday, the Japanese bitcoin exchange bitFlyer officially announced that it will launch the United States bitcoin exchange, carry out crypto currency trading business. According to the person in charge of the company, bitFlyer has been granted BitLicense (Digital Currency License) from New York regulators to allow it to do business in New York. But the exchange currently only supports Bitcoin transactions in the United States.n
nTranslation: Clovern
The bitcoin exchange, bitFlyer, was approved by regulatory agencies such as the New York State Department of Financial Services (NYDFS) and was officially launched in the United States.n
This progress, announced yesterday, signals the end of a preliminary report on the exchange with 2,000 initial users. Just a few months before the official announcement of the U.S. launch, bitFlyer revealed for the first time its intention to open its business in the United States. At that time, the startup said it had been licensed to do business in 34 states.n
In its announcement yesterday, bitFlyer also disclosed that it has been granted BitLicense (digital currency license) from the New York regulatory agency. The BitLicense Framework was formally identified in 2015 as an early move to oversee the development of cryptocurrency operations in the United States.n
Yuzo Kano, chief executive of bitFlyer, said in a statement:n
n”BitFlyer is proud to have been granted BitLicense approval for doing business in New York State, which shows us the recognition of one of the most influential state financial regulators in the United States.”n
nAlthough initially the exchange was only able to trade Bitcoin, bitFlyer said it will increase its support for other cryptocurrencies over time.n

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