Coincheck Gets Registered as a Crypto Exchange

The Japanese Financial Services Agency (FSA) has provided Coincheck's full license to continue its business. The statement was made yesterday,  January 11, 2019. 

Crypto exchange Coincheck, which was attacked in January 2018 and lost $ 530 million in tokens, is currently joining officially approved stock markets in the Japanese market.  

coincheck-licence

This is a very positive report for the Monex Group and the online broker who bought Coincheck in April 2018 for $ 33.5 million.  From an unfortunate hack, developers are working hard to slow down the functionality and send off stolen coins. 

 

Conclusion 

After the acquisition of Coincheck in November 2018, the stock market resumed trading with "temporary licenses" and in the meantime applied for registration. The application has now been officially approved under the Payment Services Act with effect from January 11, 2019.