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Binance Alliance With Japanese Crypto Platform Abandoned
A potential partnership between Binance and TaoTao fell through, 10 months after first being revealed.
Actualizado 14 sept 2021, 10:04 a. .m.. Publicado 6 oct 2020, 4:00 a. .m.. 1 min readTraducido por IA
Global virtual asset exchange Binance and Japanese crypto trading platform TaoTao did not reach an agreement on a strategic alliance to launch a joint venture in Japan.
- TaoTao announced Monday that negotiations between the two parties to create a crypto trading platform dedicated to Japanese users have ended without agreement and the alliance was abandoned, CoinDesk Japan reported.
- Binance entered into discussions with Japan’s Z Corporation (a subsidiary of Z Holdings, which owns Yahoo Japan) and its affiliate, local crypto trading platform TaoTao, in January 2020 with the goal of incorporating Binance's trading technology and operational know-how to expand its domestic business.
- It is unclear why the attempted partnership fell through.
- In 2018, Japan’s financial watchdog FSA warned Binance against operating without a license; earlier this year, the firm announced it will phase out services to customers residing in Japan.
- Last month, Japanese crypto exchange Fisco (previously Zaif), which suffered a $60 million hack in 2018, filed suit against Binance, alleging it knowingly allowed stolen funds to be laundered through its exchange.
Higit pang Para sa Iyo
BTC's three-month uptrend against gold has broken down amid strong inflows into gold and precious metals ETFs.
Ano ang dapat malaman:
- Bitcoin’s three-month uptrend versus gold has broken down.
- ETF flows point to a renewed bias for hard assets, with over $2 billion exiting BTC funds while gold and precious metal ETFs attract fresh inflows.
- The shift signals weakening momentum for bitcoin as a “store of value,” with gold poised to...
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