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Following Japan's footstep, the United States may follow suit in licensing all cryptocurrency exchanges in the country.
Japan's Financial Services Agency (FSA) and the Japanese government licensed about 11 cryptocurrency exchanges last week, including Japan's largest trading platform, bitFlyer, with over 800,000 users.
The growing demand toward bitcoin is also evident in the price trend of bitcoin, as the bitcoin price surpassed the $4,470 mark earlier today, on October 2.