Japan has taken a key step to cement its position as a leader for cryptocurrencies

China is moving forward with a plan to crack down on cryptocurrencies, but Japan is singing a different tune.
Japan's Financial Services Agency on Friday granted 11 cryptocurrency exchanges licenses to legally operate in the country, according to reporting by The Wall Street Journal's Paul Vigna and Gregor Stuart Hunter. The news comes amid a crackdown on digital currencies by Japan's neighbors.
China banned initial coin offerings, a red-hot cryptocurrency-based fundraising method, earlier in Se