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       #Post#: 27--------------------------------------------------
       Coinbase Approved to Enter Japanese Cryptocurrency Market
   DIR By: guest3
       Date: June 25, 2021, 9:37 am
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       Coinbase is now registered as a cryptocurrency exchange to
       operate in Japan. The Japanese financial regulator has approved
       Coinbase to trade five cryptocurrencies.
       Japan’s top financial regulator, the Financial Services Agency
       (FSA), announced last week that it has registered Coinbase as a
       crypto exchange service provider based on the revised Fund
       Settlement Act.
       According to the FSA, Coinbase is approved to trade bitcoin
       (BTC), bitcoin cash (BCH), ether (ETH), stellar lumen (XLM), and
       litecoin (LTC).
       The approved entity is a Japanese subsidiary of Coinbase Global,
       a Nasdaq-listed company.
       Coinbase unveiled its plan to enter the Japanese crypto market
       back in 2018. The company said at the time that it would be
       “working hand-in-hand with the Japanese FSA to ensure compliance
       with local laws at every stage.”
       Coinbase is also a member of the Japan Virtual and Crypto assets
       Exchange Association (JVCEA), a self-regulatory organization.
       Following Coinbase’s successful registration with the FSA, the
       association announced that the company is now its “first-class
       member.” In 2018, Coinbase joined the JVCEA as a “second-class
       member” — the categorization reserved for companies that have
       not registered with the FSA.
       What do you think about Coinbase entering the Japanese crypto
       market? Let us know in the comments section below.
       Thanks for reading this.
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