- Monex Group released an official letter denying knowledge of the License approval from the FSA.
- There are more than 160 applications pending review by the FSA.
Contrary to the news published by FXStreet on Wednesday 19, which reported that Japan-based Coincheck had been granted a license by the country’s regulator, the Financial Services Agency (FSA), the current owner of the exchange, Monex Group has come out to discredit the news. The news was first published by Nikkei Asian Review, a local media outlet in Japan.
The publication said that it had learned of the License approval from the FSA. However, it did not indicate who exactly was the source. It further indicated that the announced towards the same was going to be released before the year ends. CoinDesk, crypto news website contacted the Public Relations officer at Coincheck who did not confirm the news earlier on Wednesday.
Monex Group later released an official letter that denied knowledge of the License approval and in turn refuting the claims by Nikkei Asian Review. The letter stated in clarity that:
“TOKYO, December 19, 2018 – Today, there was a media article mentioning “Coincheck receives an official approval as a cryptocurrency exchange by FSA” which was not based on our announcement. Coincheck, Inc. has been under review for a cryptocurrency exchange. However, there is not any fact regarding the registration that has been determined.”
The letter concluded by saying that it will inform the public in due time if there are facts in regards to Coincheck.
As indicated in yesterday’s article, there are more than 160 applications pending review by the FSA. The regulator has been changing the rules and guideline for crypto businesses in in Japan after Coincheck suffered a devastating hack. The exchange is reported by Nikkei Asian Review to have paid $411 million in compensation to the affected NEM (XEM) holders. Meanwhile trading in NEM is live on the exchange including other cryptos like Ethereum (ETH) and Lisk (LSK).
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