Coin Security acquires the Japanese compliant exchange Sakura Exchange BitCoin

2022-11-30 16:22:08

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ChainCatcher news, Binance announced the acquisition of 100% of the shares of the Japanese cryptocurrency asset trading platform service provider Sakura Exchange BitCoin (SEBC), officially entering the Japanese market and accepting regulation from the Japanese Financial Services Agency (JFSA). After the acquisition, Binance will provide compliant services in Japan through SEBC to promote the establishment of a responsible cryptocurrency development environment globally.

Binance Japan General Manager Takeshi Chino stated, "In the future process of cryptocurrency asset popularization, the Japanese market will play a key role. We will actively cooperate with regulatory agencies to create a brand new trading platform for local users in a compliant manner. Binance is eager to help Japan become a leader in the cryptocurrency asset industry." (Source link)

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Binance SEBC JFSA acquisition

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