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Coinbase Gets FSA Approval to Enter Japanese Crypto Market

Coinbase($COIN) Share Price Falls Below Reference Amid Crypto Market Sell Off


Coinbase ($COIN), one of the largest crypto exchanges based out of New York is all set to enter the Japanese crypto market after getting approval from the country’s top regulatory watchdog Financial Sevice Agency (FSA). The FSA registered Coinbase as a crypto exchange under the revised Fund Settlement Act.

The Nasdaq listed crypto exchange would offer five cryptocurrencies for trading namely Bitcoin (BTC), Bitcoin cash (BCH), Ether (ETH), Stellar Lumen (XLM), and Litecoin (LTC). The exchange first announced its plans of entering the Japanese crypto market back in 2018 and has said it was confident of getting FSA approval.

Japan is seen as one of the most progressive crypto markets in terms of regulations and has even handed out a regulatory handbook to G-20 nations to help them in regards to implementing progressive crypto regulations.

 

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.



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