![\"Laser](\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-japan-plans-tough-new-rules-for-crypto-exchanges-what-liability-reserves-actually-mean.jpg\")
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Nomura-backed Laser Digital Japan received registration to provide domestic liquidity before expanding into institutional crypto trading.<\/p>\n
Nomura Group\u2019s digital asset subsidiary, Laser Digital, received authorization to operate as a crypto asset exchange service provider under Japan\u2019s Payment Services Act (PSA)<\/p>\n
A list<\/a> issued by Japan\u2019s Financial Services Agency (FSA) on Friday showed that Laser Digital received the country\u2019s first crypto exchange license in four years. The last platform to receive FSA authorization was Binance Japan in October 2022. <\/p>\n Japan\u2019s crypto market is entering a \u201cnew phase of maturity,\u201d creating a need for \u201ctrusted counterparties and infrastructure\u201d as \u201cinstitutional investors increase their interest in this asset class,\u201d Jez Mohideen, co-founder and CEO of Laser Digital, said in a Friday press release<\/a>.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n