Coinbase opens subsidiary in Japan

American platform Coinbase, services which are the residents of 32 countries, comes to one of the largest in the world of crypto — currency markets in Japan.

The company announced the opening of offices in Japan and about his plans for cooperation with Financial services Agency (FSA) of the country to comply local regulations on the legalization of kripalu, in which cryptomerias you must obtain a license to work.

«As in other markets, we plan to take a balanced approach to our implementation in Japan, which means work together with the Japanese FSA to ensure compliance with local laws at each stage», – the statements Coinbase.

The Executive Director of the Japan will be the former investment banker Japanese unit of Morgan Stanley Japan Nao Kitazawa (Kitazawa Nao), who is also a member of the Board of the Japanese Association of Finance.

In July 2016 Coinbase has attracted funding of $10.5 million from Japanese investors, including financial group Mitsubishi UFJ (MUFG) and the Bank of Tokyo-Mitsubishi UFJ (BMTU), because the company’s entry into the Japanese market – anticipated event.

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