Binance acquires regulated crypto exchange in Japan
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. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Committed to Enter Japan Under Regulatory Compliancehttps://t.co/xfdnaY2hiO — CZ Binance (@cz_binance) November 30, 2022 Talking about the importance of the latest acquisition, a Binance spokesperson told Cointelegraph: “We can sa...