Mike Lempres, the chief technological officer (CTO) of US-based Coinbase, has said he is confident that the company will receive a crypto exchange license from Japan’s Financial Services Agency (FSA) next year. The Japanese authorities’ tightened oversight on the crypto market works in favor of Coinbase’ successful application, Lempres explained in a recent interview with Asian Nikkei Review, published on Wednesday.
Coinbase has proven experience of guaranteeing security, as a significant part of its staff is dedicated to that issue, according to the CTO, and that will help with the company’s regulatory approval. Moreover, only 1% of Coinbase funds are stored on internet-connected (hot) wallets while 99% re...
This article appeared first on Cryptovest