ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Cryptocurrencies

Japan's Coincheck to gain license after $500m hack

Regulators to hold cryptocurrency exchanges to higher standards

coincheck monex
Coincheck has improved its management system under Monex Group, the Financial Services Agency has decided.   © Reuters

TOKYO -- Japan's Financial Services Agency has decided to approve Coincheck's cryptocurrency exchange license, Nikkei has learned.

An announcement will come by the end of the year, closing a tumultuous chapter in Coincheck's history that began back in January when 58 billion yen ($511 million) worth of clients' cryptocurrency holdings was stolen.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more