Japanese Exchange coin check for Czech America for expansion
The Sikkakak, Japanese crypto trading platform, which got new owners after being hacked earlier this year, is now planning to provide services on the US market. Last month, Japan is expected to be licensed, Monaco's chief executive officer, online brokerage bought troubled company last month.
Accepting the need for a "careful study" of the legal framework for cryptrocarus in the US, Japanese Exchange Koenike is planning to build its operations on top of more than 2 million accounts in Japan, expand its operations in America and its customer base. . No time limit has been specified so far, but the move is being taken into consideration by the new management of the platform. Its operator, Coin Czech Co., became a wholly-owned subsidiary of the Monex Group in April after losing $ 58 billion (US $ 550 million at that time) in the hacker attack - one of the biggest hests in crypto History.
"The legal framework for cryptocoorsisation in the US is moving in any way - money transfer, commodity, security, and rules are different state by state, so we have to study it carefully. But the short answer is 'yes' "The CEO of Monayx, Oki Matsumoto, told Bloomberg in an interview about the future intent of the coincidence. They also disclosed that the exchange, which has made a lot of efforts to improve security and restore confidence, is hoping to get a license in Japan next month. Matsumoto's comments indicate that there is a plan to come back from bringing trade platforms in the US.
Japanese Exchange coin check for Czech America for expansion
For many observers, the purchase of the infamous Hacked Cryptocurrency exchange for $ 34 million may seem like a risky investment, but the acquisition has proved to be a positive step for MonaEx by now. Since the acquisition report in April broke its share price almost doubled. In the US, crypto business may not seem to be a good idea, given that the company comes from Japan, the country which is known for its friendly cryptosystems.
A different perspective of the West
Matsumoto, however, has a different study of the situation as he looks at favorable conditions in the West, which includes increasing interest from low tax and institutional money managers. France was mentioned in the interview in light of the Government's decision last month to reduce the cryptow profit tax rate from half to 19 percent, compared to 55 percent of Japan.
Japanese Exchange Coin for Expansion Check Eyes America Another sign of warming climate in Paris this week was the statement by Finance Minister Bruno Le Mayer that he was wrong about the first cryptokrans. "I was a neophyte a year ago, but now I'm passionate." It took me a year, so let [...] France, in a meeting with entrepreneurs and representatives of the French Startup Blockchain Partner in the European Union. Blockcon and crypto make the first place for innovation in the European Union. "According to Bitcouine. F., he assured members of the French crypto community their" total support " .
The Japanese government does not plan any tax deduction for the income and benefits related to the crypto and that according to Oki Matsumoto, it means that cryptocourrency will be "play for bookmakers". Despite the legalization of the crypto trade last year, Tokyo has not yet determined the status of crypt-related financial products such as futures contracts, which require some modification in Japanese securities law.
The CEO of MonEx said, "Japan feels that it is a step ahead in crypto, but in the case of deciding what security or token is, and in the case of attracting institutional investors, America and Europe forward Increasingly. " In their opinion, the classification of cryptokrons in the United States will generate regulatory clarity which is essential for attracting more investors. Matsumoto believes that the decisions of US regulators will generally affect the role of cryptokrians, and in particular their impact on the crypto policies in their country.