BTCBOX said in a tweet that it can list Dogecoin (DOGE) before the end of April and will share more details soon. The company added that Dogecoin (DOGE) trading pairs will be offered as part of its "Easy Trading" offering.

Before the Japan Financial Services Agency (FSA) began overseeing the Japanese crypto exchange industry, exchanges were unregulated and were free to add any altcoins they wanted to their platform. But in September 2017, the FSA forced exchanges to comply with strict compliance regulations (including several listing protocols), forcing criminals to suspend their operations or shut down their businesses. These regulations pertained to coins that could be listed on platforms, an issue that the Japan Financial Services Agency (FSA) cares about.

BtcBox

The listing policy has since been overseen by the Japan Association of Virtual and Crypto Asset Exchanges (JVCEA), an agency made up of all the country's FSA-licensed exchanges. This institution evaluated all new coin listing applications one by one, leading to huge backlogs for exchanges that want to list new coins. Aware that, as previously reported, this cautious approach has resulted in Japanese crypto clients being able to trade with only 20 coins on platforms in the country, JVCEA now plans to streamline their business. For example, Dogecoin (DOGE) traders had to use overseas platforms.

The Japan Financial Services Agency (FSA) has repeatedly warned overseas crypto exchanges that value Japanese traditions by adding Japanese in-app services and providing Japanese customer support. JVCEA plans to create a “green list” of 18 “popular cryptocurrencies” later this month. It also plans to create a rule that would allow exchanges to list tokens currently on competing platforms. Therefore, if BTCBOX's listing of Dogecoin (DOGE) goes as planned, other Japanese trading platforms may follow in the footsteps of this exchange in the coming months.