Coinbase takes another step towards a launch in Japan

Coinbase just joined the Japan Virtual Currency Exchange Association (JVCEA), a consortium of crypto-scholarships regulated at Japan. The broker Bitcoin American has not yet received Licence to operate in the archipelago.

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1 Coinbase just joined the Japan Virtual Currency Exchange Association (JVCEA), a consortium of crypto-scholarships regulated at Japan. The broker Bitcoin American has not yet received Licence to operate in the archipelago.

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This summer, Coinbase announced the opening of new offices in Japan to expand its international presence.

But operate a cryptocurrency trading platform at Japan is not easy. In recent years, Japanese crypto-exchanges have been particularly targeted by hackers. The local authorities then set up a system of Licence in order to authorize only the most reliable actors.

Today, around fifteen platforms are authorized. They are gathered under the Japan Virtual Currency Exchange Association (JVCEA), an association that works in concert with the regulator FSA.

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According to a press release published on the JVCEA website, Coinbase is now part of the association, as a "second class" member.

Second-class members are companies that "request or plan to request the registration of a virtual exchange office in accordance with the Payment Services Law".

We learn that two other companies, Digital Asset Markets and Tokyo Hash, also joined the consortium.

The Californian giant, which is also accelerating its development on the European market, has recently become the first crypto-business to join the network Visa as a "main member".