Monex Group Considers Coincheck Acquisition

Monex Group is considering the acquisition of the hacked exchange but has not made any decision yet
03 April 2018   368

Monex group has an aim to fulfill the social responsibility as a corporate group by contributing to society through its business activities based on the Group's corporate philosophy and code of conduct. On April 3, Nikkei Asian Review has published an article stating that Japanese online broker Monex Group is planning to take over Coincheck, a hacked Japanese cryptocurrency exchange.

As Nikkei wrote, two companies were already seeking approval for the acquisition from the FSA and from shareholders. Nevertheless, a couple of hours later, Money Group has issued a public statement regarding the article published in Nikkei, claiming that it has not made any decisions regarding the acquisition yet.

 

It is true that we have been considering the acquisition of the cryptocurrency firm mentioned in the report today but have not made any decision yet.
 

Monex Group

In the above mentioned statement Money Group claimed that Nikkei website news report mentioning their "entry into cryptocurrency business" was not based on Money Group announcement. The company has only been studying and experimenting on blockchain technology and cryptocurrency as its applied technology. As part of its efforts, Money Group set up the Monex Cryptocurrency Lab in January this year, and has also been considering the secure and socially responsible cryptocurrency business, but has "not made any decision yet" regarding Coincheck.

We recommend our readers to follow the most reliable sources of news, and choose the most trustworthy media portals in order to get all the latest news from crypto industry.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   140

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.