Reason for this visit

Japan is one of the largest cryptocurrency markets in the world, and it was one of the first countries to recognize Bitcoin as a legal asset. According to data collected by Japan's Financial Services Agency (FSA), there are approximately 3.5 million cryptocurrency investors in Japan, with more than $100 billion trading volume per year.

Japan’s regulation over the cryptocurrency exchanges (brokers) is worthy of reference for many countries around the world. In order to help investors to get a more comprehensive understanding of the country's cryptocurrency exchanges (brokers), the survey team go to Japan for on-site visits.

On-site visit

In this issue, the investigation team went to Tokyo, Japan to visit the cryptocurrency exchange COINAGE (licensee: Coinage Co., Ltd.) as planned according to its regulatory address that 8F, Sumitomo Fudosan Roppongi Grand Tower, 3-2-1, Roppongi, Minato-ku, Tokyo, Japan.

The survey team arrived at the destination on February 27, 2023, where the Grand Tower a high-rise office building was situated in a prosperous area of Roppongi, but didn’t spot the company’s name and logo.

Therefore, it is confirmed that the cryptocurrency exchange COINAGE doesn’t have a physical presence here.

Conclusion

The survey personnel went to Tokyo, Japan to visit the cryptocurrency exchange COINAGE (licensee: Coinage Co., Ltd.) as scheduled, but didn’t find the company’s business office at the registered regulatory address. So the company’s regulatory information is not true. Investors are advised to make a sensible choice based on a comprehensive consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.