Coincheck to Receive FSA License

Coincheck exchange was hacked last January and $ 533000000 worth NEM stolen
11 January 2019   796

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 Open London Office

According to the Changpeng, the decision to open an office in the UK is dictated by regulations recently introduced by the UK FCA, which is "very positive"
08 August 2019   195

Binance Cryptocurrency Exchange intends to open a new office in London in the near future. This was stated by the head of the company Changpen Zhao in a conversation with CoinDesk.

According to the head of the popular exchange, the decision to open an office in the UK is dictated by regulations recently introduced by the UK Financial Regulatory and Supervisory Authority (FCA), which Zhao called "very positive."

I hope we can open an office in London very soon. There is more regulatory certainty now which is good. I thought the U.K. regulation was very neutral and very positive; they were a little bit strict on the derivatives part which I hope they will be more flexible about.
 

Changpeng Zhao

CEO, Binance

Binance's European expansion began last year. So, first the exchange opened a division in Malta, and then on the island of Jersey.