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The Japanese regulators grant the cryptocurrency exchange license to Coincheck

The Japanese financial regulator, the Financial Services Agency (FSA), has granted full authorization to exchange Coincheck cryptocurrencies to continue operating in the country. Cointelegraph Japan reported the development on January 11, citing an official statement.

Coincheck, which was breached in January 2018, losing altcoin tokens worth $ 530 million at the moment, is now adding to the growing number of officially authorized exchanges serving the Japanese market.

The step is a milestone for the exchange and for the online broker Monex Group, which bought Coincheck for a nominal value of $ 33.5 million in April.

According to a press release dated 11 January by the Monex Group, Coincheck registered specifically with the Kanto Financial Office.

From the time of the interval, developers slowly returned features to users and organized reimbursements of stolen coins.

Japan has tried to implement a licensing system over the last year, in the wake of the inconvenience related to trade security settings. Despite increased legislation, smaller hacks continued, with the other Zaif platform losing about $ 20 million last September.

On Friday, Cointelegraph also reported a government investigation into the security of cryptocurrencies in South Korea, which found satisfactory compliance in less than a third of the platforms.

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