Japan’s Financial Services Agency (FSA) is about to approve Coincheck’s application for a cryptocurrency exchange license, Nikkei reported on Wednesday. However, it seems that the information is based on internal sources given that no official announced has been published yet. An official release is expected to be presented to the public by the end of this year. Coincheck was in the spotlight back in January when $511 million worth of NEM was stolen by hackers, which had a massive influence on FSA’s behavior in relation to local crypto exchange providers.

When the hack happened, Coincheck was the largest crypto exchange operator in Japan. The company had to halt its trading services. Meanwhile, Mon…

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