Binance forays into Japanese market with Sakura Exchange BitCoin acquisition

After four years, the purchase of Sakura Exchange BitCoin (SEBC), a company with a licence from the Japan Financial Services Agency, would signal the return of international exchange to the Japanese market.

Following a notification from the FSA for operating without a licence, Binance was forced to cease operations and abandon plans to establish a headquarters in Japan in 2018.

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