Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Japan’s FSA Issues Cryptocurrency Exchange License To Coincheck

Japan’s FSA Issues Cryptocurrency Exchange License To Coincheck

Kelly Cromley by Kelly Cromley
Jan 11, 2019
in Market News, News
Reading Time: 2 mins read
0

Japanese firm Coincheck has received cryptocurrency exchange license from the Financial Services Agency [FSA]. Per a press statement, the exchange revealed that it had officially registered as a cryptocurrency exchange under the Kanto Financial Bureau.

The cryptocurrency exchange made the following statement:

RelatedPosts

SFT Protocol Teams Up with AI Telegraph for DeFAI Innovation

TaskOn Partners with Boinkers to Elevate Web3 Gaming

Connect Launches First Social Impact Platform on Web4

MoviePass Turns Movie Watching Into a Blockchain Game

“Coincheck has given a full explanation to the agency on the firm’s business descriptions, plans, and basic philosophy on risk management, as well as on the development of the firm’s governance with concrete internal controls and customer protection in mind.”

Back in January, the Coincheck hack enabled the hackers to swindle $500 million worth NEM tokens from the exchange. The exchange managed to identify 11 addresses which were used to receive the stolen NEM. At that time, the cryptoexchange had stored its holdings in a hot wallet that is linked to other systems. There was also no multi- signature safety mechanism. That permitted the hacker to loot the exchange of its assets.

The press release further said “With the registration as a cryptocurrency exchange agency serving as a milestone, Coincheck strives to continue offering reliable services for our current and prospective customers in a safe and stable manner. Coincheck is also committed to further strengthening security and enhancing usability.”

This hack paved way for the announcement of stricter rules for the operation of crypto exchanges in Japan. Following the Coincheck hack, Japan’s Financial Services Agency [FSA] started implementing stricter regulations for new applications from exchanges seeking crypto license. Per the new regulations, recently registered cryptocurrency exchanges will have on- site inspections and the government agency will also examine its business models rigorously.

The FSA stated that a continuous evaluation of the registration protocols is absolutely necessary for all crypto exchanges in the nation and that investor protection will continue to be a top priority.

Previous Post

Overstock Subsidiary tZERO Starts Handing Control Of Tokens To Investors

Next Post

NASA Looks At Blockchain Tech to Safeguard Aircraft Flight Data

Related Posts

sft protocol teams up with ai telegraph for defai innovation

SFT Protocol Teams Up with AI Telegraph for DeFAI Innovation

by Kelly Cromley
May 25, 2025
0

SFT Protocol, a decentralized ecosystem known for developing scalable and secure Decentralized Physical Infrastructure Network (DePIN) solutions, has announced a...

taskon partners with boinkers to elevate web3 gaming

TaskOn Partners with Boinkers to Elevate Web3 Gaming

by Kelly Cromley
May 25, 2025
0

TaskOn, a notable platform recognized for fostering community development in the Web3 space, has recently announced a strategic alliance with...

connect launches first social impact platform on web4

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
0

Connect, in collaboration with members of the WIN Blockchain community, has announced the official launch of what is being described...

moviepass turns movie watching into a blockchain game

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
0

MoviePass has unveiled a revamped digital experience that reimagines how audiences interact with films. Its latest venture, called Mogul, integrates...

realdid brings privacy-first digital id to hong kong

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
0

China’s blockchain-powered identity solution, RealDID, is now being extended to Hong Kong, marking a significant milestone in the evolution of...

gigachain sets new benchmark in blockchain computation

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
0

A new entrant in the Layer 1 blockchain ecosystem, Gigachain Labs, has introduced a protocol that reimagines blockchain scalability by...

Next Post
NASA Looks At Blockchain Tech to Safeguard Aircraft Flight Data

NASA Looks At Blockchain Tech to Safeguard Aircraft Flight Data

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

sft protocol teams up with ai telegraph for defai innovation
Market News

SFT Protocol Teams Up with AI Telegraph for DeFAI Innovation

by Kelly Cromley
May 25, 2025
taskon partners with boinkers to elevate web3 gaming
Market News

TaskOn Partners with Boinkers to Elevate Web3 Gaming

by Kelly Cromley
May 25, 2025
connect launches first social impact platform on web4
Market News

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
moviepass turns movie watching into a blockchain game
Market News

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
realdid brings privacy-first digital id to hong kong
Market News

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree