Japan’s FSA Approves Coincheck As Registered Cryptocurrency Exchange
The FSA approved Coincheck cryptocurrency exchange: making it just the 17th fully-registered exchange in the country.
- Aditya Worah
- Jan 13, 2019
- Nov 23, 2024
The FSA approved Coincheck cryptocurrency exchange: making it just the 17th fully-registered exchange in the country.
Price of NEM (XEM) has surged to a two-month high following the currency getting re-listed on the Coincheck cryptocurrency exchange.
Oki Matsumoto, the Monex CEO believes that while Japan is a very progressive market when it comes to cryptocurrencies - the US is expected to soon take it over.
Only withdrawals and sales are allowed as of now. Payments and purchases are still banned.
Monex CEO feels cryptocurrencies are in the same category as derivatives and just like derivatives took their time, cryptocurrencies will also be adapted
As on April 16, 2018, Coincheck has become a wholly owned subsidiary of Monex Group with an investment of 3.6 billion yen,following the hacking scandal that plagued the company.
Japan's Nikkei news publication is reporting that hacked cryptocurrency exchange Coincheck may soon be taken over by Monex, the online brokerage group. The deal is reportedly taking place for Billions of Yens!
Coincheck has confirmed that it has been a victim of cryptocurrency hack which led to the loss of 58 billion yen ($533 million) worth of virtual money.
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