As it gets ready to enter Japan as a regulated entity Binance buys a licensed Japanese cryptocurrency exchang

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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.

The regulator once again issued a warning to Binance in June of last year, stating that the exchange had been offering unregistered crypto exchange services to Japanese clients.

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