The World’s Premier Crypto Exchange Platform Enters the Japanese Market
The CEO of Binance, Changpeng Zhao, announced at the WebX conference in Tokyo today that the leading crypto exchange platform is ready to start operations for Japanese customers. This move comes after Binance’s acquisition of Japanese crypto exchange Sakura Exchange BitCoin (SEBC) in November 2022, signaling its commitment to work with regulators in Japan.
Key Points:
- Binance acquires Japanese crypto exchange SEBC, registered with the Japan Financial Services Agency (JFSA).
- Binance is ready to offer its full services to Japanese customers after the acquisition.
- Japanese Prime Minister Fumio Kishida expresses support for Web3 and calls it “a new form of capitalism.”
- Japan’s ruling Liberal Democratic Party (LDP) is working on a regulatory framework for cryptocurrency.
- Japan is becoming a cryptocurrency hub with tax breaks for companies issuing cryptocurrencies and plans for a metaverse infrastructure.
Asia Becomes the New Hub for Cryptocurrency
As Binance expands its presence in Japan, it is also considering a move to Dubai, another country known for its pro-crypto policies. With the U.S. cracking down on cryptocurrency exchanges, Asia is positioning itself as the next big hub for the crypto industry.
Disclaimer: This article is for informational purposes only and should not be considered legal, tax, investment, financial, or other advice.
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