Opening Doors to the Japanese Market
Coinbase launched their office in Japan today, according to a post on the company’s official blog. This move comes as a part of their “effort to accelerate the global adoption of cryptocurrency” by making buying and using Bitcoin as easy as possible while still remaining compliant with local laws and regulations.
The company plans to take their time with the rollout, working with authorities to make sure that they comply with local and state laws. Once Coinbase has completed its registration with the Japanese Financial Services Agency (FSA), its services will be made available to Japanese customers. To ease onboarding and make the platform as easy to use as possible, Japanese language translation options will be made available.
Instrumental in Coinbase gaining a foothold in Japan is Nao Kitazawa. A board member of the FinTech Association of Japan with a passion for cryptocurrency, Kitazawa has an extensive background in the Japanese market, which Coinbase hopes will provide a “great foundation to successfully push into the largest cryptocurrency market in the world.” […]