Coincheck Announces Registration as Cryptocurrency Exchange Agency

 

 

 

 

 

Coincheck announced in a January 11 statement that the company has been formally registered as a licensed cryptocurrency exchange agency. According to that statement, the company’s registration with the Kanto Financial Bureau is effective today.

To comply with the registration process requirements, Coincheck said that it had to provide the agency with a description of its business, its plans, and its risk management philosophy. The company also had to provide details about its overall governance scheme, including developmental efforts related to customer protection and internal controls.

The statement highlighted the company’s efforts to recover in the wake of last January’s hacking attack, noting that certain services were suspended while Coincheck worked to tighten controls and security. As those changes were implemented, the exchange methodically resumed its services:

Coincheck has worked on enhancing technical safety, and gradually resumed the services in which the technical safety had been confirmed. On November 26, 2018, all tradable cryptocurrencies we offered became available for depositing, remitting, purchasing, and selling. 

Coincheck also suggested that its renewed focus on security will continue, along with efforts to improve the user experience at its exchange:

With the registration as a cryptocurrency exchange agency serving as a milestone, Coincheck strives to continue offering reliable services for our current and prospective customers in a safe and stable manner. Coincheck is also committed to further strengthening security and enhancing usability. 

 

 

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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