OKCoin Secures License to Operate in Japan

OKCoin Secures License to Operate in Japan

SAN FRANCISCO & JAPAN — March 30, 2020 — OKCoin (www.okcoin.com), a leading fiat-focused cryptocurrency exchange with service in 184 countries, announced today the completion of its registration with the Kanto Local Finance Bureau as a Virtual Currency Exchange Service Provider based on Japan’s Payment Services Act for its OKCoin Japan K.K. (“OKCoin Japan”) entity. Traders will soon be able to deposit and withdraw Japanese yen for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic. The Japanese yen will join the US dollar, euro, and the Singapore dollar in OKCoin’s growing acceptance of fiat currencies. 

OKCoin Japan is the Japanese subsidiary of OK Group, one of the major global providers of Blockchain-related technologies and cryptocurrency-focused services. Since its establishment in September 2017, OKCoin Japan has focused on building a comprehensive framework of business operation and internal governance to ensure its compliance with the Payment Services Act and related regulations, business guidelines issued by the Japanese financial regulator Financial Services Agency (FSA), and self-regulatory rules promulgated by the Japan Virtual Currency Exchange Association (JVCEA). 

OKCoin has constructed a secure, stable, and robust service environment with enhanced KYC and dynamic customer risk profiling capabilities, solid customer asset protection measures, advanced cryptocurrency transaction technologies, and innovative product offerings to serve the trading needs of a diverse clientele. The company has also developed and implemented proprietary AML/CFT technologies such as automated transaction filtering and monitoring systems as part of its effort to combat illicit activities in the crypto industry. 

OKCoin Japan will soon launch its exchange service for individuals and companies in Japan.  Service details and schedule will be announced shortly. In the meantime, pre-registration of customer accounts are accepted on our website https://www.okcoin.jp.    

About OKCoin

OKCoin is one of the largest and most trusted fiat-to-crypto trading platforms in the world. Founded in 2013, OKCoin offers advanced features for crypto beginners and high-volume traders alike, enabling users in 184 countries worldwide to exchange fiat currency including the US dollar, euro, and Singapore dollar for bitcoin, Bitcoin Cash, Ethereum and other cryptocurrencies. OKCoin Inc. is a registered Money Services Businesses (MSB) with the Financial Crimes Enforcement Network (FinCEN). OKCoin’s mission is to make digital assets accessible to the world while complying with the highest of regulatory standards. For more information, visit http://www.okcoin.com.

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