FSA Japan (FSAJ) has granted the license to a new crypto exchange in Japan earlier this month and I share below some interesting insights about it.
1. Coinage became the 21st licensed crypto exchange in Japan. It took them almost three years! https://coinage.co.jp/
2. They already burnt 2,000,000,000 yen (about $20M). Paid-up Capital 30,000,000 yen ($30M). They have 1,000,000,000 yen left. ($10M).
3. They have about 50 staff. Biggest cost in compliance. Others are engineering and customer s