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Japan's Financial Services Regulator Issues Binance Warning
The Financial Services Agency said Binance isn't registered to do business in the country.
Updated Sep 14, 2021, 1:17 p.m. Published Jun 25, 2021, 12:47 p.m. 1 min read
Japan's financial regulator has warned that cryptocurrency exchange Binance is operating in the country without permission.
- The Financial Services Agency (FSA) issued the warning Friday that Binance is not registered to do business in Japan.
- Binance was warned by the FSA in March 2018 for the same reason. CEO Changpeng "CZ" Zhao spoke out against at reports at the time that Binance was subject to criminal charges by the FSA, claiming that the exchange was in "constructive dialogues" with the regulator over the matter.
- Last month, the FSA issued a similar warning concerning Bybit about offering crypto services in the country despite not being registered to do so.
- "Binance does not currently hold exchange operations in Japan, nor do we actively solicit Japanese users," a Binance spokesperson told CoinDesk. "As you can understand, we do not comment, as a matter of policy, on specific matters related to any regulators."
Read more: Coinbase Enters Japanese Market After Completing Registration With Financial Watchdog
Lebih untuk Anda
Former Credit Suisse global head of portfolio and Risk Dimensions CIO Mark Connors says bitcoin has broken out of its longest stretch of underperformance in history and is ready to beat stocks, bonds, and gold as inflation stubbornly sticks around.
Yang perlu diketahui:
- Bitcoin may be entering a new phase of outperformance versus traditional assets after ending its longest-ever stretch of underperformance against the S&P500 in early May, according to investor Mark Connors.
- Connors argues that persistent inflation, structurally high oil prices and a “higher-for-longer” interest-rate environment are pressuring bonds and could favor...
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