Skip to content

TOPNews MEDIA RSS AUSTRALIA

All news from Australia

Menu
  • Home
  • Sorry, all cotents’s has been removed
Menu

Binance re-enters Japan with acquisition of regulated Sakura Exchange BitCoin

Posted on 30.11.2022


Binance returned to the Japanese market with the acquisition of regulated crypto exchange Sakura Exchange BitCoin (SEBC), according to a blog post on Wednesday. 

See related article: Binance to help S. Korea’s Busan build first city-backed exchange

Fast facts

  • Binance purchased 100% of shares in Sakura, without disclosing the exact value and terms of acquisition. SEBC is regulated by Japan’s Financial Services Agency (FSA).
  • Tokyo-based SEBC offers brokerage and advisory services, and trading of the Japanese yen against 11 cryptocurrencies.
  • Binance last operated in Japan in 2018, the same year that the FSA issued it a warning for not having a license. In 2021, Binance received a similar warning for failing to comply with registration rules.
  • Takeshi Chino, general manager of Binance Japan, said the Japanese market will play a key role in crypto adoption and is poised for a blockchain update, and that Binance will “actively work with regulators.” 
  • In Asia, Binance operates through partnerships in countries such as Thailand, Malaysia, and Indonesia.

See related article: Crypto exchange Binance in regulators’ crosshairs as scrutiny mounts 

Source link



Source link – https://topnews-usa.com/crypto-news/binance-re-enters-japan-with-acquisition-of-regulated-sakura-exchange-bitcoin/

Recent Posts

  • Putin’s mistress praised Russian propaganda – World – tsn.ua
  • Promotes Crossword Clue – Try Hard Guides
  • 🖼 This week, a vote is expected in parliament for the appointment to the post of Minister…
  • 🎬 The media showed footage of a child being rescued from the rubble of a building that fell through the ground…
  • Accident in Rivne: Because of the accident, part of Rivne is without power (02.06.23 15:37) « War in Ukraine

WORLD TOPNEWS.MEDIA

USA, CANADA, MEXICO, AUSTRALIA, JAPANE, INDIA, Malaysia, NEW ZEALAND, POLAND, UKRAINE, DENMARK, UNITED KINGDOM, DEUTSCHLAND, ITALIA, SPANISH, FINLAND, NORWEY, SWEDISH, FRANCE, ARAB EMIRATES

RSS Malaysia TOPNews.MEDIA

  • Video of three Warisan reps quitting party to support Hajiji goes viral
  • Today's news in pictures – Monday, February 6, 2023
  • Two More Powerful Earthquakes Hit Turkey Hours After 1,800 Killed
  • Frontignan: malam nasihat tentang penjimatan tenaga
  • Frontignan: Satu Petang Nasihat Penjimatan Tenaga – Jepun TOPNews.MEDIA

RSS Singapore TOPNews.MEDIA

  • OpenAI Staff Didn’t Find ChatGPT “Useful”, Project Abandoned
  • Dashcam footage sought after teenager ‘assaulted’ in Portadown
  • 2 foreigners with fake PH travel docs nabbed at NAIA
©2023 TOPNews MEDIA RSS AUSTRALIA | Design: Newspaperly WordPress Theme