Business | Nov 30

Binance acquires regulated crypto exchange in Japan

TOKYO, Nov 30 (cointelegraph.com) - Binance has managed to expand its services throughout the past year by either acquiring an operating license or buying a stake in a regulated entity.

Cryptocurrency exchange Binance plans to reenter the Japanese market after acquiring a 100% stake in a licensed crypto service provider in the country, Cointelegraph Japan reported.

In an official public announcement on Nov. 30, Binance CEO Changpeng Zhao said the crypto exchange was committed to re-entering the Japanese market under regulatory compliance. The acquisition of Sakura Exchange BitCoin (SEBC), a Japan Financial Services Agency-licensed business, would mark the re-entry of global exchange in the Japanese market after four years. ...continue reading

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