Crypto exchange Binance announced the acquisition of Sakura Exchange BitCoin (SEBC) for an undisclosed sum. The latter is a Japanese crypto exchange that is regulated by the country’s Financial Services Agency (FSA).
The latest development comes just months after reports of Binance preparing for a formal entry to the Japanese market surfaced. The crypto exchange sought a permit to operate in the country after its exit nearly four years ago.
It is important to note that the FSA issued a warning that said Binance is not registered to do business in Japan last summer.
A similar warning came from the regulator in March 2018 as well, which subsequently pushed the platform to cease its operations and plans to unveil a headquarter in the country.
During that time, Binance CEO CZ Zhao assured that the exchange was in “constructive dialogues” with the regulator over the matter.
Hence, the latest acquisition of the Tokyo-based exchange, SEBC, can be viewed as a win for the crypto exchange,
We współpracy z: https://cryptopotato.com/binance-strengthens-japanese-presence-acquires-a-locally-regulated-exchange/
