Japan has finally joined the crypto-currency race by giving licence to crypto-currency exchanges but with regulations to avoid experiencing another market collapsed by the market e.g. Mt.Gox
Coincheck’s application approved for Japan’s new bitcoin exchange registration
https://www.cryptoninjas.net/2017/09/13/coinchecks-application-approved-japans-new-bitcoin-exchange-registration/amp/
It's actually good news when exchanges get legitimated with regulations and licenses. I don't know why so much people hate on this. If you are going to have people buying BTC using the legacy system, at least let's make it the right way so the owners of the exchanges can't scam people trying to buy BTC.
I think the next step is for China to do the same, and China will be back once again with regulated exchanges and the price will pump to $5000, but if they don't ,we don really need them, we can pump to $5000+ without chinese exchanges taking part.