According to the interview of Mike Lempres, chief policy officer at Coinbase to Nikkei Asian Review, Coinbase negotiation with Japan's Financial Services Authority about obtaining a license are going well.
Mike also noted that Japan's tighter scrutiny standards and regulation will give cryptocurrency exchange an advantage and will help to ensure customers that the platform has the high level of security.
Japan is considered a cryptocurrency haven for its large pool of retail investors and friendly government policies, but regulatory oversight has increased in recent months amid a series of high-profile thefts.
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