Coinbase Firmly Intends to Obtain License from Japanese Regulator Next Year

Coinbase is to focus on security in order to get a regulatory approval from Japan’s FSA by next year. Its team thinks that the crypto crackdown in Japan is good for them

Wed, 10/10/2018 - 9:38

Coinbase Firmly Intends to Obtain License from Japanese Regulator Next Year

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A large crypto market player Coinbase is to focus on security in order to get a regulatory approval from Japan’s FSA by next year. The Coinbase team thinks that the crypto crackdown that is currently taking place in Japan is good for them since the local market is in great demand.

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Japanese media reports that the negotiations of Coinbase with the local regulator are proceeding well enough and that the large US player is sure it will be achieved by 2019. 99 percent of funds at the exchange are reportedly held in cold vaults which ensure their safety.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.