Binance is all set to return to Japan after a period of five years by acquiring the crypto trading platform Sakura Exchange Bitcoin (SEBC).
Binance shut its Japanese operations in 2018 after regulators warned it was operating without approval.ryptocurrency exchange Binance is set to return to Japan by acquiring the Japan Financial Services Agency-licensed crypto trading platform Sakura Exchange Bitcoin .exchange and brokerage services of SEBC will end by 31 May. The body will reemerge as Binance Japan post June 2023, though SEBC hasn’t officially announced any date for the launch.
According to the report, SEBC users must withdraw their funds by 28 May. Any remaining funds in these accounts will be automatically converted to Japanese yen and transferred to users’ bank accounts by 5 June. Binance Japan customers would have to undergo new identity verification and Know Your Customer procedures.It was around five years ago that Binance’s primary bid to obtain an independent license in Japan had failed.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Celsius creditors file to subpoena defunct crypto exchange FTX, here’s whyThe creditors have disputed the 20 cent valuation for the Celsius CEL token offered by the company in the bankruptcy plan, citing that the suspicious trades by FTX users may have manipulated the price of the CEL token.
Read more »
Japan to invite emerging nations to G7 finance leaders’ meetingJapan Finance Minister Shunichi Suzuki to invite emerging nations to outreach meeting
Read more »
Bank of Japan’s new chief keeps ultra-low rates, embarks on policy reviewThe Bank of Japan removed a pledge from its guidance for interest rates to stay at ‘current or lower levels’ in a move that gives it more leeway for a future policy tweak
Read more »
Canada falls to U.S. in semifinal at world mixed doubles curling championshipThe U.S. will play Japan\u0027s Chiaki Matsumura and Yasumasa Tanida for gold.
Read more »
Japan to lift COVID-19 border controls before holiday weekJapan will lift most of its coronavirus border controls, including a requirement that entrants show proof of three vaccinations or a pre-departure negative test, beginning Saturday as the country's Golden Week holiday season begins and a large influx of foreign tourists is expected.
Read more »
Japan to lift COVID-19 border controls before holiday weekJapan will lift most of its coronavirus border controls, including a requirement that entrants show proof of three vaccinations or a pre\u002Ddeparture negative test
Read more »