binance, got on wednesday sakura exchange bitcoin (SEBC), a regulated Japanese crypto exchange, for an undisclosed sum.
What happenedBinance said it has now entered the Japanese market as a Japan Financial Services Agency (JFSA) regulated entity. according for a blogpost.
The SEBC acquisition is Binance’s first license in East Asia. Binance has already obtained regulatory approval or authorization France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland And lithuaniain addition to Japan,
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Takeshi Chino, the general manager of Binance Japan, said the country will play a key role in driving cryptocurrency adoption in the future. “We will work with regulators to develop our exchange in a compliant manner for local users. We look forward to helping Japan lead the crypto space.”
price action: At the time of writing, Apex Crypto Bitcoin BTC/USD was trading at $16,873, up 2.34% over the past 24 hours. According to Benzinga Pro.
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