Coinbase is the largest cryptocurrency exchange platform in the United States. In the ongoing year, Coinbase has also become the first crypto-based publically traded company. However, Coinbase has been planning to open up its operations in Japan since 2018.
However, the largest and most influential regulator in Japan, FSA, has recently approved Coinbase for conducting its business.
Coinbase joined the Virtual Crypto Exchange Association of Japan (JVCEA) back in 2018. At the time of its membership acquisition in 2018, it has the status of a second-class party.
As the Financial Services Agency (FSA) approves its business conduct in the region, it has been promoted to the rank of first-class members. The users in Japan would be able to trade Bitcoin, Ethereum, Litecoin, Stellar Luman, and Bitcoin Cash on Coinbase for now.
Portugal Government Approves Two New Crypto Exchange Markets to Start their Operations in the Region
Banco De Portugal is the top regulatory authority for all banks and financial institutions in the region. After a great time-lapse, the central bank has lit the green light for two crypto exchange platforms. Mind the Coin is a crypto exchange platform that is not native to the region, but it would allow users to have stakes in Bitcoin, Monero, and Litecoin.
On the other hand, the Criptoloja is a native crypto exchange platform based in Lisbon or Portugal’s capital city. This exchange would allow the local traders to buy Bitcoin and a variety of other cryptocurrencies. The Central Bank made the exchange platform fulfill the requirements of the Virtual Asset Service Providers or VASPs. This would ensure that these exchange markets remain in line with the regulations that Banco De Portugal introduces.
South African Government is Folding the Active Cryptocurrency Exchange Platforms under its Jurisdiction
While other countries are moving in the direction of a wider Bitcoin adoption, the South African Government is an exception in this regard. Recently, users of the Binance exchange in the region have reported that they are facing restrictions while using their Debit or Credit cards on the platform.
These error messages are not technical issues but rather a result of the international crypto-exchange restrictive policies that are introduced by the South African authorities. At present, Bitcoin has managed to resurface to the $33K mark after a sudden crash to $30K. Since last week the beacon coin has experienced a 14% negative correction.