According to, he also assured the members of the French crypto community of his “total support.” It took me a year, so let’s make France the first place for blockchain and crypto innovation in the EU,” Le Maire was quoted as saying at a meeting with entrepreneurs and representatives of the French startup Blockchain Partner.
“I was a neophyte a year ago, but now I’m passionate. France was mentioned in the interview in the light of last month’s government decision to lower the crypto capital gains tax rate by more than half – to 19 percent, compared to Japan’s 55 percent.Īnother sign of the warming climate in Paris was the Finance Minister Bruno Le Maire’s statement this week that he was wrong about cryptocurrencies before. Matsumoto, however, has a different reading of the situation as he sees favorable conditions forming in the West, including lower taxes and growing interest from institutional money managers. Doing crypto business in the US may not seem like a great idea either, given that the company comes from Japan, a country known for its much friendlier crypto atmosphere.
Its shares have almost doubled in price since the news of the acquisition broke in April. Matsumoto’s comments indicated that bringing the trading platform to the US is also part of the plans for the comeback.įor many observers, the purchase of the notoriously hacked cryptocurrency exchange for $34 million might have looked like a risky investment, but the takeover has so far proven to be a positive move for Monex.
He also revealed that the exchange, which spent a lot of funds and efforts to improve security and restore confidence, is expecting to receive a license in Japan next month. But the short answer is ‘yes’,” Monex CEO Oki Matsumoto told Bloomberg in an interview about Coincheck’s future intentions. And, the rules are different state by state. “The legal framework for cryptocurrency in the US is somehow wandering right now – money transfer, commodity, security. Its operator, Coin Check Co., became a wholly owned subsidiary of Monex Group in April after losing some ¥58 billion worth of NEM (~$550 million USD at the time) in a hacker attack in January – one of the biggest heists in crypto history. No timeframe has been specified yet, but the move is under consideration by the platform’s new management. Recognizing the need to “study carefully” the legal framework for cryptocurrencies in the US, Japanese exchange Coincheck is planning to expand its operations and its customer base in America, building on top of over 2 million accounts in Japan. The exchange expects to be licensed in Japan next month, according to the chief executive of Monex, the online brokerage which bought the troubled company last month.Īlso read: Coincheck Resumes Monero Withdrawals and Sales Coincheck’s US Plans – Part of the Comeback Coincheck, the Japanese crypto trading platform that found new owners after it was hacked earlier this year, is now planning to offer services on the US market.