Binance acquires Japan-based licensed crypto exchange SEBC
Crypto exchange operator Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC). The acquisition marks Binance’s first license in East Asia, the company announced Wednesday. The terms of the deal were not disclosed.
The deal marks Binance's re-entry into Japan. Last year, JFSA issued another warning against Binance, saying that the company is still operating in the country without registration. Binance, at the time, said it "does not currently hold exchange operations in Japan, nor do we actively solicit Japanese users.". Binance said it will not accept new users in Japan to its main Binance.com website, effective today.
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