In June this year, the digital currency exchange, Coinbase announced their plans of entering the market of Japan. However, almost four months later the company hasn’t stepped into the market or made any disclosures regarding the same. Recently, the Chief Policy Officer (CPO) of Mike Lempres spoke to the Nikkei Asian Review to discuss their impending entry into the Japnese market. Commenting on the strict and somewhat laborious regulations of the country in regards to cryptocurrency, he says that they are “Good for us”.
In their initial announcement, the leading startups in the crypto industry disclosed that the startup’s Japan-based branch will be head by Nao Kitazawa, formerly of financial industry giant Morgan Stanley. Kitazawa as CEO will play a key role in Coinbase’s expansion into the Asian market, majorly due to his expertise in both the financial and technology worlds. The announcement Tweet stated:
We’re excited to announce that Coinbase is coming to Japan! ?????Coinbase????????????????????????????????????????https://t.co/gMOKsD9oXW
— Coinbase (@coinbase) June 4, 2018