Crypto exchange Binance is reportedly seeking to reenter the Japanese crypto market. The company exited Japan four years ago after the country’s financial regulator warned that Binance was operating illegally without a license.
Содержание
Binance Wants Back in Japan
Crypto exchange Binance is seeking a license to return to the Japanese crypto market, four years after exiting the country, Bloomberg reported Monday, citing people familiar with the matter.
The key reasons behind Binance’s renewed interest in Japan are the Japanese government’s easing regulatory approach to crypto and substantial potential for user growth, according to one of the people.
A spokesperson for Binance told the publication that the company is “committed to working with regulators and policymakers to shape policies that protect consumers, encourage innovation, and move our industry forward.” However, the spokesperson would not comment on specific license applications, noting that “It would be inappropriate to comment on any conversations with regulators.”
Binance exited the Japanese crypto market in 2018 following a предупреждение by Japan’s top financial regulator, the Financial Services Agency (FSA), about operating without a license. In June last year, Binance got another warning from the FSA reiterating that the exchange has been providing crypto exchange services to Japanese customers without registration.
Following warnings from multiple regulators that it has been operating illegally without a license, Binance has made regulatory compliance one of its top priorities. The exchange platform previously revealed its plans to become a regulated financial institution.
В последнее время, Binance established a global advisory board to tackle regulatory challenges. The body is comprised of “distinguished experts in public policy, правительство, finance, economics, and corporate governance,” Binance detailed.
What do you think about Binance seeking to return to the Japanese crypto market? Дайте нам знать в комментариях ниже.
Кредиты изображений: Шаттерсток, Pixabay, Викисклад
Отказ от ответственности: Эта статья предназначена только для информационных целей. Это не прямое предложение или запрос предложения о покупке или продаже, или рекомендацию или одобрение любых продуктов, Сервисы, или компании. Биткойн-Tidings.com не дает инвестиций, налог, законный, или консультации по бухгалтерскому учету. Ни компания, ни автор не несут ответственности, прямо или косвенно, за любой ущерб или убытки, вызванные или предположительно вызванные или связанные с использованием или доверием к любому контенту, товары или услуги, упомянутые в этой статье.
Читать отказ от ответственности