Coinbase: Japan’s Crackdown on Cryptocurrency ‘Good for Us’

Cryptocurrency exchange giant Coinbase isn’t concerned that Japan’s Financial Services Agency (FSA) has begun to view the crypto trading industry with a more cautious eye in the wake of several high profile exchange hacks on the regulatory agency’s watch in 2018.

Speaking with the Nikkei Asian Review, Mike Lempres, Coinbase’s chief policy officer, said that increased scrutiny of cryptocurrency exchanges applying for virtual currency licenses is Japan was actually a good thing for the San Francisco-based company because it would give them a leg up on the competition.

“The Japanese government is more focused on security,” he said. “That is good for us.” Discussions with the FSA are “going well,” he continued. “We are… committed to getting it done. It will certainly be in 2019.”
https://www.ccn.com/coinbase-japans-crackdown-on-cryptocurrency-good-for-us/