Join Our Mailing List
Sunday September 24, 2023
Bitcoin (BTC) $26,561.12   Ethereum (ETH) $1,592.41
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges

Coincheck’s application approved for Japan’s new bitcoin exchange registration

Published by CryptoNinjas.net
09/13/2017
Coincheck’s application approved for Japan’s new bitcoin exchange registration

Popular Japan-based bitcoin exchange and payment company Coincheck announced a milestone today as it officially got its application certified in Japan for registration as digital currency exchange. Japan is set to implement its new regulation for exchanges at the end of the month.

This comes after April’s changes to the country’s fund settlement law, which made bitcoin payments legal. Japan is now considered a leader in digital assets, helping to foster innovation in the country.

This accommodating regulatory apparatus comes just a few years after the largest bitcoin exchange at the time, Tokyo-based Mt. Gox, collapsed and along with it, millions of dollars of users, leaving a bad impression on the Japanese street of the cryptocurrency.

Times have now changed, especially with Japan now requiring insurance protection for all bitcoin exchanges, and regular checkups from the financial authorities to ensure nothing like Mt. Gox happens again in newly passed regulations.

Coincheck’s application was accepted as one of the well-known companies in the country, this was largely just a symbolic achievement for them. This won’t be the case for all companies looking to become registered and legal within Japan.  The Japanese Financial Services Agency (FSA) has received 50 exchange registration applications in August 2017 alone to be reviewed for compliance.

Some other major exchanges in the country include bitFlyer, Zaif, BitPoint, and other entrants from well known public companies, who will have no problem getting initially registered. It will be the smaller start-up operators whom this new law will really shut out in the name of safety and protection.

Regulation compliance and fund safety, and KYC laws are fundamental in the new exchange regulation. Exchanges must be ready and registered by the end of September 2017, as well as ensure that their users are fully protected to be inclined to a license. Exchanges are required to report risks of financial losses that factors like price volatility may cause, and verify the identities of those who open accounts.

113
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

05/24/2022
Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Animoca Brands, the company advancing digital property rights for gaming and the metaverse, and its subsidiary The Sandbox, a leading decentralized virtual world, today announced the listing of SAND on Coincheck, the largest crypto...

Read more

Japan crypto exchange Coincheck to launch Hashpalette IEO starting July 1

06/24/2021
Japan crypto exchange Coincheck to launch Hashpalette IEO starting July 1

Coincheck, a Japan-based bitcoin/crypto exchange company, announced today that it will officially launch Coincheck IEO, its new Initial Exchange Offering (IEO) platform, on July 1, 2021. For its first step, Coincheck IEO will begin...

Read more

Japan crypto exchange Coincheck to host IEO for NFT platform Hashpalette

05/31/2021
Japan crypto exchange Coincheck to host IEO for NFT platform Hashpalette

Coincheck, a Japan-based crypto exchange company, today announced its plans to conduct an IEO this summer for Hashpalette, a blockchain network to mint, manage and trade digital content as NFTs. Back in summer 2019,...

Read more

Japan crypto exchange Coincheck acquires Metaps Alpha to grow NFT ecosystem

02/05/2021
Japan crypto exchange Coincheck acquires Metaps Alpha to grow NFT ecosystem

Coincheck, the Japan-based bitcoin and cryptocurrency exchange company, announced today it has acquired all shares of Metaps Alpha Co., Ltd. Coincheck signed a share transfer agreement with the company's parent company, Metaps Co., Ltd....

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy