Share this article
Binance CEO Refutes Financial Watchdog Warning Reports
Binance's CEO has hit back at reports that the exchange is to receive a warning from a financial regulator over its lack of registration in Japan.
By Wolfie Zhao
Updated Dec 10, 2022, 9:25 p.m. Published Mar 22, 2018, 12:55 p.m.
The CEO of Binance, currently the world's largest cryptocurrency exchange by trading volume, has hit back at reports that the exchange is to receive a warning from Japan's financial regulator over its operations in the country.
According to a report from Nikkei on Thursday that is being widely cited, the country's Financial Services Agency (FSA) may be about to order the Hong Kong-based firm to cease offering services in the country since it is not registered with the regulator.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The report said the FSA is concerned that the company's operations may pose a risk to the country's investors and may lodge criminal charges with the police authorities if Binance does not comply with the registration mandate.
While currently the FSA has not yet published any formal statement, the report said the effort is aimed at providing a healthy cryptocurrency trading environment by tackling unregistered exchanges.
Binance CEO Changpeng Zhao has since hit out at the reports, however, saying the firm is in dialogue with the regulator.
He stated on Twitter:
"Nikkei showed irresponsible journalism. We are in constructive dialogs with Japan FSA, and have not received any mandates. It does not make sense for JFSA to tell a newspaper before telling us, while we have an active dialog going on with them."
The news comes as the FSA is beefing up its efforts to inspect domestic exchanges, as well as overseas cryptocurrency operations that solicit Japanese investors without a formal registration.
As reported previously by CoinDesk, the FSA issued multiple warnings last month to a Macau-based cryptocurrency project that provided bitcoin purchases and initial coin offering services to Japanese investors, following which the firm has shutteredhttps://www.blockchain-labo.jp/about its presence in Japan.
Japanese stop sign image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin pushes above $90,000 as traders eye change in pattern
Particularly hard-hit in 2025's final sessions, crypto-related stocks are bouncing in this year's first trading day.
What to know:
- Bitcoin rose above $90,000 during U.S. trading hours on Friday.
- It's a notable change in trend, as crypto prices late in 2025 were typically on the defensive while American stocks traded.
- Strategy, Coinbase, Hut 8 and Galaxy Digital were among the crypto-related stocks seeing strong gains.
Top Stories
