Japan’s fiance regulator, the Financial Services Agency (FSA), has granted the cryptocurency exchange Coincheck to continue operating in the country, announced.
Coincheck, which was hacked in January 2018, losing altcoin tokens worth $530 million at the time, and now joins the increasingly steady number of officially sanctioned exchanges serving the Japanese market.
This is a major step for Monex Group an online broker, and Coincheck. Monex brough the exchange for a nominal $33.5 million in April. During the the interim period the developers have organized a refund of stolen coins to users.