Cryptocurrency exchange Binance announced on Wednesday that it has fully acquired Sakura Exchange Bitcoin, a Japanese crypto exchange service provider regulated by Japan’s top financial regulators and agencies, and through this acquisition, Binance Japan Financial Agency regulated entity. enters the Japanese market in the form of a company and, according to the announcement, aims to support and promote a responsible global environment by offering regulated services, among other objectives.
Tokyo-based crypto exchange SEBC offers brokerage and advisory services to all of its clients as well as 11 other trading services including BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM / JPY, MONA / JPY, ADA / JPY, XYM / JPY, and COT / JPY etc. are the major services which bring great experience and creativity to the users to a great extent. Japan General Manager Takeshi Chino said that the Japanese market will play a huge role in the future of cryptocurrency adoption as it operates with a highly developed ecosystem and its technology is recognized around the world and has one of the best services and economies in the world. One of the Japanese technologies already has a strong hold in the technology.
We are developing our exchange by and for local users and are actively working with regulators, he added. Our aim is to take Japan to great heights in the field of technology and appreciate it through the valuable services that we are trying and striving for. “We are very keen to help Japan take the lead in crypto, help it grow around the world and, importantly, promote the technology services globally,” he added.
Binance had just two exits from the market in 2018 after warnings from the Financial Services Agency about operating without a license, and in June last year, Binance received another warning from a regulator that the agency was providing crypto services to Japanese customers without registration. Is doing and violating all the policies.
It is noteworthy that the crypto exchange is expanding its plans globally and introducing development where regulatory rights are being granted in France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland, Lithuania and Cyprus. are or are being authorized.
According to Binance, the SEBC acquisition is Binance’s first license in East Asia.
Certainly the acquisition of Japanese crypto exchange will be very profitable and at the same time valid in many places because Japan is a leading country in technology that everyone knows and its services are unique and unique and with the help of this if binance can improve its efficiency and Improves its services so that it will be able or capable of providing the best services to all the users.On the other hand, according to the general manager of Binance Japan, the Japanese market will play an important role in the future in adopting cryptocurrencies and developing a great technology that is absolutely appropriate and responsible and important for the future of technology.
