New Faces in the Crypto World

In an intriguing move that has caught the attention of the financial community, Yasuo Matsuda, a seasoned trader from Deutsche Bank, has made the leap into the world of cryptocurrencies. Starting this September, Matsuda will take on the role of senior crypto strategist at FXcoin Ltd., a budding startup based in Japan. His responsibilities will include providing detailed market analysis and daily activity reports, bridging the gap between traditional finance and the thrilling volatility of crypto.

FXcoin Ltd.: A Startup with Ambition

Founded in September 2017, FXcoin Ltd. is on a mission to secure regulatory approval from Japan’s Financial Services Agency (FSA) to operate a cryptocurrency exchange. With applications already submitted to facilitate Bitcoin and other digital currency transactions, the startup is gearing up for what promises to be a breakthrough in the Japanese crypto scene.

Behind the Scenes: A Team of Expertise

At the helm of FXcoin is Tomoo Onishi, who brings over a decade of experience from Deutsche Bank’s foreign exchange division. His vision? To build a powerhouse in the crypto realm, one where experienced professionals from traditional finance come together to navigate the new digital landscape. According to Onishi, the startup plans to recruit an additional five employees from established financial institutions post-approval. They’re not just hiring for numbers; they’re stacking up on expertise.

Regulatory Roadblocks Ahead

While the enthusiasm is palpable, FXcoin finds itself in a waiting game. Regulatory approval in Japan can take time, and the stakes are high. As crypto takes the world by storm, the challenge is to legitimize the investments and adhere to strict governance standards. Onishi remains optimistic, stating that they are doing all they can to prepare for the big day.

Deutsche Bank’s Mixed Bag on Crypto

As Matsuda moves on from Deutsche Bank, it’s interesting to note the bank’s fluctuating stance on cryptocurrencies. Earlier this year, key figures within the institution voiced concerns over the stability of assets like Bitcoin, with one economist labeling it a potential risk to the global economy in 2018. While some are skeptical, emerging players like FXcoin are banking on a new digital age.

Conclusion: A New Era?

The departure of Matsuda from Deutsche Bank highlights the shifting tides in the financial sector as professionals venture into the increasingly lucrative and dynamic world of cryptocurrency. With a blend of traditional finance expertise and a bold new strategy, FXcoin Ltd. could very well mark the dawn of a new era in the Japanese crypto industry.