.binance, the world's largest crypto exchange by trading volume, is set to begin operations in the tightly-regulated Japanese market after June this year. By lavender_au.
In November last year, Binance acquired regulated crypto exchange Sakura Exchange BitCoin . Existing services on SEBC will be terminated on May 31 and a new service under the provisional name “Binance Japan” will launch after June 2023, the notice said.by the Japan Virtual Currency Exchange Association.
Japan has a high regulatory bar for crypto exchanges. It requires segregation of customer and exchange assets, most exchange assets to be kept in cold wallets and for customers' fiat to be kept by a Japanese trust company or bank trust.Read more:
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