Coincheck to Receive FSA License

Coincheck exchange was hacked last January and $ 533000000 worth NEM stolen
11 January 2019   660

The Financial Services Agency of Japan allowed the Coincheck cryptocurrency exchange to continue its work, reports Cointelegraph.

Coincheck exchange was hacked last January. NEM cryptocurrency was stolen in the amount of 58 billion yen ($ 533 million) according to the price of that time. Soon after, the Japanese authorities began to tighten the regulation of the industry, and Coincheck became the property of the online broker Monex.

In December last year, it was reported that the Japanese regulator issued a license to Coincheck, as well as plans to resume the stock exchange. Against the background of these transformations, the marketplace improved the risk management system and gradually resumed the operation of services.

Binance to Start US Expansion

Site operator and US partner of the exchange BAM Trading is registered with FinCEN as a money transfer operator, but it operates only in California
14 June 2019   245

Binance in partnership with BAM Trading Services will open the US division called Binance US.

Note that BAM Trading, which will act as the site operator, is registered with FinCEN as a money transfer operator, however, it operates only in the territory of California.

We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America. Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.
 

Changpeng Zhao

CEO, Binance

BAM Trading involves the mechanisms of the match and the principles of working with wallets that are implemented on the parent platform.

It is worth adding that FinCEN did not verify the information provided by BAM Trading, and the fact of registration is not a recommendation, confirmation of legality (activity) or direct support of a business by a government department.

From September 12, the parent platform Binance.com will stop serving American users.

At the same time, the exchange will no longer serve users who violate the provisions of the Terms of Use: they will retain access to their wallets with funds, but will not be able to trade.