The Japanese Financial Services Agency (FSA), the country’s finance regulator, granted Coincheck with total permission to operate as a cryptocurrency exchange in Japan.
Coincheck was hacked a year ago, in January 2018, and lost around $500 million worth of NEM tokens. Back then, it was the largest cryptocurrency exchange in Japan.
After the hack, the FSA decided to implement more strict regulations for exchanges looking for an operating license — and Coincheck was ordered to improve its operations.
Now, apparently, the agency considers the company has upgraded its systems adequately — namely after being acquired by the Monex Group.
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