Coinbase Approved to Enter Japanese Cryptocurrency Market – Exchanges Bitcoin News

Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies.

  • Japan’s leading financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act.
  • According to the FSA, Coinbase is approved for trading in Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Sternlumen (XLM) and Litecoin (LTC).
  • The approved company is a Japanese subsidiary of Coinbase Global, a company listed on the Nasdaq.
  • Coinbase had already presented its plan to enter the Japanese crypto market in 2018. The company said at the time that it would “work hand in hand with Japan’s FSA to ensure compliance with local laws at every stage.”
  • Coinbase is also a member of the Japan Virtual and Crypto Assets Exchange Association (JVCEA), a self-regulatory organization. After successfully registering Coinbase with the FSA, the association announced that the company is now its “first class member”. In 2018, Coinbase joined the JVCEA as a “second class member” – the categorization reserved for companies that have not registered with the FSA.

What do you think of Coinbase entering the Japanese crypto market? Let us know in the comments section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Recent articles

Crypto exchanges struggle as El Salvador adopts Bitcoin

Today, Bitcoin is becoming an official currency in El Salvador, and the markets and crypto exchanges seem to be struggling. On...

Schools are back – and time to comply with the ICO’s Age Appropriate Design Code

As of September 2, 2021, the United Kingdom's Information Commissioner's Office ("ICO") expects organizations to use their Age Appropriate Design Code ("AADC"). The...

the ICO wants input on when personal data goes international

You don't have to be a data-focused IT service provider to realize that the UK was lucky enough to receive an adequacy decision from...