Exchanges

11/01/19 08:23 UTC-4

Japanese regulators issue a license for the exchange of cryptocurrency to Coincheck

The Financial Services Agency (FSA), the financial regulator of Japan, granted full permission for the exchange of cryptocurrency to the Coincheck exchange to continue working in the country.

Coincheck, hacked in January 2018, lost at that time altcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details
tokens worth $ 530 million, now joins the slowly growing number of officially authorized exchanges serving the Japanese market.

This step is an important point for the stock-exchange and the Monex Group online-broker, which bought Coincheck for a nominal amount of $ 33.5 million in April.

 

Return to the market

After the FSA issued a license for the exchange of cryptocurrency to Coincheck, the developers gradually took up the return of the functionality of the exchange and organized the return of the stolen coins.

Last year, Japan sought to introduce a licensing scheme in connection with concerns about stock-exchange security settings. But despite the strengthened legislation, petty hacker hacks continue and in September last year, a colleague of the Zaif platform lost about $ 20 million.

Editor: Pereyidenko Ihor

See also: "tZERO received a patent for the integration of traditional trade with cryptocurrencies"

#Coincheck #exchange #license #cryptocurrency

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