Japan's Financial Services Agency (FSA) has issued operating licenses to 11 bitcoin exchanges, the regulator announced today.

This follows an amendment to the payment services law, which stated that all cryptocurrency exchanges should register with authorities by the end of September.

Passed in April, the new law established bitcoin as a legal payment method, and extrapolated security guidelines for cryptocurrency exchanges.

The licensing enforces certain operational requirements for the exchanges, including high standards for cybersecurity, the segregation of customer accounts and the verification of customer identities.

Source: https://www.coindesk.com/japans-finance-regulator-issues-licenses-for-11-bitcoin-exchanges/