Binance has announced that new users in Japan will not be able to register on the exchange starting today. Following this announcement, Binance announced that it had purchased Sakura Exchange BitCoin, which operates registered in Japan.
In the announcement made on the Binance official website, it was announced that as of today, Japanese citizens will not be able to open new registrations. According to the announcement Japanese users who are already registered on the stock exchange will be able to continue their transactions without any problems.. Binance has made this decision on new users “to comply with local regulations” described as:
As Binance continually evaluates its product and service offerings to proactively comply with local regulations, new users in Japan will not be able to register on Binance.com effective 2022-11-30 08:00 (UTC). Our goal is to build a sustainable ecosystem around blockchain technology and digital assets. Another announcement will be posted to inform users about the timeline for reopening new user registrations.
Immediately after this announcement, the stock market was registered in Japan and legally providing crypto money services. Sakura Exchange BitCoinof (SEBC) announced that it has bought all of them. With this acquisition, Binance Japan Financial Services Agency (JFSA) entered the Japanese market as an organization regulated by This is also the case with Binance. marks its first license in East Asia.
Takeshi Chino, Managing Director of Binance Japan, said:
The Japanese market will play a key role in the future of cryptocurrencies adoption. As one of the world’s leading economies with a highly developed technology ecosystem, it is already ready for a strong blockchain acquisition. We look forward to helping Japan take a leading role in crypto.