HashKey, Coinbase and other companies received licenses for crypto assets in Japan

HashKey, Coinbase and other companies received licenses for crypto assets in Japan

According to related reports from Coinpost, three companies including HashKey and Coinbase have obtained Japanese crypto-asset-related business licenses.

Original address: https://coinpost.jp/?p=254634

In April 2020, the Japan Financial Services Agency issued a statement stating that in accordance with Article 78, Item 1 of the Financial Commodity Exchange Act, the Japan Cryptocurrency Exchange Association (JVCEA) and the Japan STO Association have been certified as the Financial Commodity Exchange Industry Association. The Japan Cryptocurrency Exchange Association (JVCEA) is the official self-regulatory organization of the local cryptocurrency industry in Japan. The organization announced that three more companies have been registered as members of the second category.

Coinbase, the cryptocurrency exchange applying for a Japanese license, has joined the Japan Virtual Currency Exchange Association (JVCEA) as a secondary member. The JVCEA secondary member refers to those who “apply or plan to apply for compliance with the provisions of Article 63-3 of the Payment Services Act” Registered on the “Virtual Currency Exchange”. In addition to Coinbase, the other two companies that joined JVCEA’s second-tier members are Digital Asset Markets and Tokyo Hash (the Japanese branch of HashKey Group).

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