Coinbase Gets the Official Green Light of Japan’s Financial Services Agency

The Financial Services Agency (FSA) of Japan granted a permit to Coinbase, the US-listed cryptocurrency exchange, becoming the first Western firm to receive a license of its kind. The FSA updated its database on crypto exchanges licensed, and according to the guidelines, the company is approved to offer trading services on Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Stellar Lumen (XLM) and Litecoin (LTC).

Per the licensing, the entity is a Japanese subsidiary of Coinbase Global. Also, the firm is registered in Japan as a crypto exchange service provider based on the revised Fund Settlement Act. Coinbase opened its first office in Japan in 2018. At that time, the US-listed company went on to say that it has 'big plans' for the year ahead, including the completion of its registration with Japan’s Financial Services Agency.

According to the filings, the licensing was granted to Coinbase on June 18, the same day when the FSA approved a permit to Tokyo Hash, a Japanese firm.

Recent Coinbase Appointments

Recently, Finance Magnates learned that Christian Sabella, an executive veteran in the fintech industry, has been named by Coinbase as its new Senior Director and Associate General Counsel of the exchange’s capital markets division.

Moreover, Coinbase announced in May that it had appointed Faryar Shirzad, a former White House official, as its new Chief Policy Officer to face the ongoing regulatory environment that the crypto sphere is facing off globally.

Shirzad, born in London, served as a member of the National Security Council at the White House from March 2003 through to August 2006 during George W. Bush’s administration. Further, he joined the company after having a 15-year tenure at Goldman Sachs where Shirzad led the firm’s government relations.

The recent string of appointments comes in the wake of several listings of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term within the Coinbase Pro offering.