Coincheck, an exchange that suffered a $500 million hack, in line for license
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Financial Services Agency (FSA), Japan's financial regulator, will approve a cryptocurrency exchange license for Coincheck according to Nikkei. Coincheck was hacked in January and 532 million NEM worth roughly $500 million were stolen. In April, the founders sold their ownership to Monex for $33 million and in October, Coincheck reopened new user registrations. According to Nikkei, nearly 200 companies are currently waiting for licenses.
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Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.
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