• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Money 20/20, Amsterdam (June 6-8, 2023)
    • WFIS, Nigeria (June 6-7, 2023)
    • Crypto Expo Asia, Singapore (June 7-8, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • CyFrica, Kenya (July 18-19, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Future Banks Summit, Riyadh (September 19-20, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • FinTech Festival Asia, Thailand (September 27-28, 2023)
    • European Blockchain Convention, Barcelona (October 24-26, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Money 20/20, Amsterdam on June 6-8, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Binance will soon launch operations in Japan

May 5, 2023 By Crypto Reporter

Binance Japan will offer services after acquiring Sakura Exchange BitCoin

Binance is expected to provide services on the Japanese market in the coming months. The world’s largest crypto exchange by trading volume, Binance took over regulated crypto exchange Sakura Exchange BitCoin (SEBC) last November. The SEBC will cease operating on May 31, giving way to a new platform, provisionally named “Binance Japan”, after June.

Japan is a highly-regulated environment for crypto exchanges. It requires segregation of customer and exchange assets. Exchange assets are to be kept in cold wallets, whereas customers’ fiat to be looked after by a Japanese trust company or bank trust. To offer services locally, the company will have to register with the Financial Services Agency (FSA), Japan’s regulatory watchdog. The registration is scheduled to go through in June, after which operations could begin.

Sakura exchange currently supports 11 trading pairs. Tokens listed on exchange platforms have to go through the vetting process by the Japan Virtual Currency Exchange Association. Before the SEBC services are terminated on May 31, customers will need to pull off their assets. Personal data will not be migrated to the new platform automatically, so the customers would be required to complete the KYC procedure from scratch.

More news:

  • Binance launches $1 billion fund to accelerate Binance Smart Chain adoption
    Binance launches $1 billion fund to accelerate Binance Smart Chain adoption
    October 15, 2021
  • Gemini to expand Asia Pacific operations
    Gemini to expand Asia Pacific operations
    July 20, 2021
  • Only 3% of users left Binance after mandatory KYC
    Only 3% of users left Binance after mandatory KYC
    November 18, 2021
  • Binance sets a blockchain hub in Georgia
    Binance sets a blockchain hub in Georgia
    April 7, 2023
  • Binance will no longer support stock tokens
    Binance will no longer support stock tokens
    July 19, 2021
  • Dutch regulator issues a warning against Binance
    Dutch regulator issues a warning against Binance
    August 20, 2021

Filed Under: General News, Latest News, News Tagged With: Binance, cryptocurrency, exchanges, Japan, news, regulations, Sakura Exchange

Primary Sidebar

Follow Us

Press Releases

Policymaking comes to Money20/20 Europe

June 2, 2023

Blockchain Expo Europe to connect the Blockchain & Web3 Ecosystems in Amsterdam

June 2, 2023

Xapo Bank Launches Euro Payment Rails, Expanding Integrated Offering For Crypto and Retail Banking

June 2, 2023

Business Transformation and Operational Excellence Conference for BFSI Industry to Take Place Virtually on 8-9 June 2023

June 2, 2023

Bybit Receives In-Principle Approval to Operate in Kazakhstan

June 2, 2023

Money 20/20

WFIS 2023

NFT Show Europe 2023

CyFrica 2023

Blockchain Expo Europe 2023

Fintech Festival Asia 2023

European Blockchain Convention 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter