Japan is set to significantly speed up cryptocurrency listings with the introduction of a “green list,” a move poised to revitalize the nation\'s digital asset market. The Japan Virtual and Crypto Assets Exchange Association (JVCEA), a self-regulatory body of 31 local crypto exchanges, is preparing to release a “green list” of 18 widely traded cryptocurrencies. This simplification is aimed towards uplifting and amplifying the overall adoption of crypto assets in Japan.

This initiative represents a major shift in Japan\'s approach to cryptocurrency regulation. In a bid to simplify the process of listing new cryptocurrencies, JVCEA is aiming to release a “green list”. The plan is initiated to catch up with foreign crypto trading platforms and encourage innovation within the Japanese crypto space.

For years, listing new cryptocurrencies in Japan has been a cumbersome and time-consuming process. Each token required individual scrutiny and approval from the JVCEA. Japan has decided to smoothen out the process that involves giving a green signal to new cryptocurrency listings. This "green list" approach is designed to streamline the listing process for tokens that have already met certain criteria and are deemed safe and reliable.

The industry body will soon release a green list of cryptocurrencies such as Bitcoin, Ethereum, XRP and Litecoin. This initial list will serve as a foundation, with plans to add more cryptocurrencies in the future. The streamlining of crypto listings in Japan promises to foster growth, attract investment, and position Japan as a leader in the global cryptocurrency landscape.