Binance to Reenter Japan in August 2 Years After Regulator's Warning

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Crypto exchange binance plans to reenter Japan in August, CEO cz_binance said at a conference on Tuesday. This is the most specific timeframe given so far by the platform. By amitoj

Binance, the largest crypto exchange by trading volume, plans to introduce its full service in Japan in August, CEO Changpeng"CZ" Zhao said Tuesday.from the Financial Services Agency that it was operating without permission. Naming the month is the most specific timeframe noted so far by the platform, which earlier had given a guideline of after June.of the regulated crypto exchange Sakura Exchange BitCoin in November 2022.

"It's fantastic to see Japan being a leader in the Web3 regulatory environment ... and I think it's an example for the rest of the world to follow," Zhao said."And to that end, Binance is extremely happy to be able to participate in the Japanese market again, from the acquisition of the SEBC platform last November, and we were going to launch the full service in August.

 

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