The Japanese internet broker known as Monex Group, which purchased the hacked cryptocurrency exchange Coincheck, is in the latest crypto news with an announcement that it had officially reopened new account signups and limited trading.
The announcement came from an official statement in which Coincheck said that Monex added users that began depositing and purchasing certain cryptocurrencies. As the statement reads:
“…Here we announce that Coincheck has resumed ‘new account openings’ and ‘customers’ depositing and purchasing some cryptocurrencies’ services today.”
From Tuesday, users will be able to deposit four cryptocurrencies including Bitcoin (BTC), Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH).
The purchase options will extend to the three altcoins, and Bitcoin has been available in the intervening period since Monex took over. In the future, Ethereum (ETH), NEM (XEM), Lisk (LSK), Ripple (XRP) and Factom (FCT) will return to the exchange, only “if the services are confirmed safe and become ready to be offered” as the statement adds.
Monex advised a strict know-your-customer (KYC) process in place, in line with new regulations that were demanded from exchanges by the Japanese regulator known as the Financial Services Agency (FSA).
Monex purchased Coincheck in April this year for around $33.5 million, and outlined plans to relaunch the exchange in full compliance with local regulations.
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