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

Takeshi Chino, general manager of Binance Japan, said: “The Japanese market will play a key role in the future popularity of crypto assets. We will actively cooperate with regulatory agencies to create a new trading platform for local users in a compliant manner. Binance is eager to help Japan become a leader in the crypto asset industry.” (Source link)