Exchanging cryptocurrencies Binance is getting ready to enter the Japanese cryptocurrency market as a regulated organization after purchasing a licensed Japanese cryptocurrency exchange.
The general manager of Binance Japan stated that “the Japanese market will play a vital role in the adoption of cryptocurrencies in the future. “
With this transaction, Binance becomes a Japan Financial Services Agency (JFSA)-recognized company and joins the Japanese market.
The release states that Binance “aims to create a responsible global environment for cryptocurrencies by providing Japanese-regulated services through SEBC.
Binance Japan’s general manager, Takeshi Chino, stated:
After receiving a warning from the Financial Services Agency about operating without a license, Binance left the Japanese cryptocurrency market in 2018.